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Akerman LLP - HR Defense

New York City's Commercial Real Estate Tax Industrial and Commercial Abatement Program Extended to 2030 With Modifications

Akerman LLP - HR Defense on

The New York City Industrial and Commercial Abatement Program (ICAP) has been extended to remain in effect through 2030, with some modifications. The New York state budget bill for FY 2026, signed by Governor Kathy Hochul on...more

Cozen O'Connor

City Council Approves Atlantic Avenue Mixed Use Plan

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On May 28, 2025, the New York City Council approved the city-led Atlantic Avenue Mixed Use Plan (AAMUP, pronounced "aim up"), rezoning a low-density industrial stretch of Atlantic Avenue and surrounding blocks in Brooklyn’s...more

Cozen O'Connor

Major Long Island City Rezoning Enters Public Review

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On April 21, 2025, the New York City Planning Commission (CPC) certified the city-led Long Island City Neighborhood Plan, known as OneLIC, into public review. OneLIC seeks to build on Long Island City’s status as one of...more

Cozen O'Connor

New York Note: Adams Denied Matching Funds, Adams Advisor Indicted, City Legislation

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The NYC Campaign Finance Board has denied public campaign funds for Eric Adams’ reelection bid. The Board cited “detrimental” conduct from Adams in their denial. This ruling means that Adams will be ineligible to receive...more

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