NYC’s rental market is finally cooling "StreetEasy finds citywide rents plateau, but is it just seasonal?" (The Real Deal)
Open Restaurants Program Survives Legal Hurdle … For Now "A panel of state judges has stalled a community lawsuit against the city’s open restaurant program — but not because the suit lacks merit, but simply because it’s too early to claim damages from an initiative that is in the middle of a legislative process to become a permanent fixture of New York City life." (Streetsblog NYC)
‘Tough decisions’ await MTA if transit ridership and revenue don’t fully rebound in two years, DiNapoli warns "New York state’s financial watchdog released a report Thursday indicating that the operator of the New York City metropolitan area’s public transit system has two years to fully restore ridership to pre-pandemic levels and, more importantly, rebuild fare revenue. That two years coincides with the billions of dollars in federal COVID-19 aid the MTA received, which is due to run out in about 24 months. " (amNY)
NYC looking at hotels, churches to temporarily house asylum seekers "No details were divulged, including what hotels and places of worship, such as churches and synagogues, were under consideration, but Zachary Iscol, commissioner of the city’s Office of Emergency Management, told councilmembers those venues were under options being explored by the city." (Gothamist)
How NYC Co-Ops Are Saving Themselves by Breaking Their Own Rules "The city’s most desirable addresses used to have some of its most insane requirements. That’s changing." (Bloomberg)
