Mayor, Council Unveil New Building Carrots for Suspended Developments

It’s not every day you can tackle rats and the recession with one piece of legislation, but New York is doing its best.

Mayor Michael Bloomberg, Council Speaker Christine Quinn, and Buildings Commissioner Robert LiMandri announced a new program intended to yield both economic and safety benefits: In return for agreeing to follow stricter safety regulations, developers would be able to renew permits at stalled building sites for as long as four...

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