Paterson warns that Medicaid and public schools face billions of dollars in cuts as the state struggles to close its $12.5 billion budget shortfall. [NY Times]
Buildings like 1095 Avenue of the Americas—whose new tenants are suddenly refusing to move in, citing the high cost of rent from leases signed two years ago—are victims of Midtown Manhattan’s slumping real estate economy. [NY Times]
With winter on the horizon, Con Edison heads out to inspect every transmission tower between NYC and Dutchess County. [NY Times]
Five teenagers hold up a Chinatown bus company, making off with more than $27,000. [NY Times]
The economic slowdown hits NYC real estate as home prices and sales volumes drop across Manhattan. read more »
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