New York City real estate experts welcomed the results of this month’s Senate election in Georgia as good news for the city and the industry.
With Brooklyn-born Chuck Schumer set to become Senate majority leader next week, experts are hopeful that the federal government will have a larger role in helping New York in its recovery and beyond, including potentially providing federal funding for major infrastructure projects such as the Gateway Program. When that help does come through, the city needs to be ready for it, they say.
“There's just at least going to be an opportunity for momentum in D.C. ... When you have a split legislature the way that we've had for so many years, it's caused so much gridlock,” Real Estate Board of New York Senior Vice President for Government Affairs Reggie Thomas said. “At…
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