News
YESTERDAY’S LUNCH ON NYC INCENTIVES
February 3, 2009
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| We were on hand yesterday as Michael Bailkin, founder of Stadtmauer Bailkin Economic Development Group, spoke to 70 National Realty Club members over lunch at The Williams Club on East 39th. Michael, here with NorthMarq Capital’s Tom Graf, NRC prez, has contributed his zoning expertise to the redevelopment of Brooklyn’s Atlantic Center and Metro Tech Center. |
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| Michael says NYC’s incentives are problematic. Clawback provisions call for loss of incentives and a 2x penalty if you can’t meet job levels and other standards. Rigorous enforcement in this economy may cause firms to leave. He says government needs to focus on retaining companies; generating transactions and jobs; and developing creative incentives. |
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| LePatner & Associates’ Ron Feingold, Fidelity National Title’s Isabelle Pullis and NRC member Alex Silverman. Isabelle tells us she visited Shanghai in early December to see the launching of a cargo ship built by a friend, and perhaps even more exciting, won Sunday’s football pool. |
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| Anchin Economic Development’s Richard Imprescia, Newmark Knight Frank’s Glenn Elliott, SB-EDGe’s Bonnie Rubin and Michael Bailkin, Premier Partners’ Ruth Furst, SB-EDGe’s Beth Zafonte, and Arc Development’s Irene Susmano. Glenn’s a dedicated dad: his teenaged daughter’s boyfriend moved to Spain on Friday, and he was sent out with a pre-move gift list that included stops at Tiffany’s and Saks. And he didn’t complain. |
