The state Public Authorities Control Board vote that was scheduled for last Wednesday was “tabled,” in the vernacular of kick-the-can-down-the-road negotiations.
The all-powerful PACB is comprised of only three people with voting rights: representatives for Gov. Kathy Hochul, Assembly speaker Carl Heastie and Stewart-Cousins.Brookfield Properties and Silverstein Properties
Said a source: “Some elected officials intervened at the last minute to stall the vote. They want to try to come up with subsidies to pay for more affordable units.”NY State Senate State Sen. Leroy Comrie, the voting rep for Stewart-Cousins, didn’t respond to our email asking to confirm that. “There has been a renewed focus by our public partners to engage in that effort and we are encouraged by these informal, productive conversations. But the housing crisis is only getting worse, and Five World Trade, which already guarantees hundreds of permanently affordable units, is a critical part of the solution and needs to move forward.”A source said that Hochul and ESDC would push for another vote “as soon as possible.
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