Wednesday, September 17, 2014

Gotham Gazette on Rent Wars

Gouging Begins in Latest Battle Over Rent
by David Howard King, Sep 16, 2014

When Mayor Bill de Blasio declared early in his tenure that he would like to see the City regain control of its rent laws from the State many insiders laughed. "Why would we let that go?" asked one legislator. "Control is worth more than one election cycle."
What exactly is it worth to state legislators? According to a New York Public Interest Research Group (NYPIRG) study of campaign donations during the last state-level campaign cycle of 2011-2012, real estate and construction interests gave $7,523,955 to legislators and were the top donors of any business sector to each legislative conference.

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