Wednesday, January 8, 2025

Who bears the cost for NYC's green building law?

Also today: The city centers with the worst traffic, and the latest on the LA wildfires.
View in browser
Bloomberg

Deadlines for Local Law 97 – NYC's landmark rule requiring nearly 50,000 large buildings to cut their emissions starting this year or face fines – are approaching, and so are the bills to make the necessary upgrades. Condo and co-op residents already paying some of the highest housing prices in the US are raising concerns about cost as they brace for hefty fee and rent increases.

Local lawmakers considering tax exemptions to ease the burden are weighing which buildings are in the most need and what kinds of projects should qualify. But some residents say the proposed breaks may still not be enough, Danielle Muoio Dunn reports. Today on CityLab: NYC Condo Owners May Bear Costs of Landmark Green Building Law

— Magdalena Del Valle

More on CityLab

New York, San Francisco Ranked Worst for US Traffic in City Centers
The global ranking of traffic data comes as NYC launches congestion pricing this week.

Climate Change Is Killing Buildings in Slow Motion
It's not just storms and floods: Wild temperature swings, severe heat and drought are exacting an invisible toll on the built environment. 

Live Blog: Fires Burning Near LA Are 'All Expanding,' Calfire Says
Close to 6,000 acres have burned in three separate blazes. Water is being trucked in after tanks ran dry.

Extreme winds fan wildfires near LA

Thousands of residents were forced to flee their homes Tuesday as three uncontrolled wildfires tore through parts of the Los Angeles region, following months of dangerously dry weather. The blazes exploded in size overnight due to hurricane-force wind gusts, damaging homes and causing panic and traffic gridlock.

What we're reading

  • Several local landmarks are destroyed in Southern California wildfires (New York Times)
  • Elon Musk's Boring Company is tunneling beneath Las Vegas with little oversight (City Cast Las Vegas/ProPublica)
  • Do car-free zones hurt disabled people? We asked experts (Mother Jones)
  • A looming 'demographic cliff': Fewer college students and ultimately fewer graduates (NPR)
  • Kansas City overhauled its approach to snow removal. Blizzard response shows some payoff (Kansas City Star)

Have something to share? Email us. And if you haven't yet signed up for this newsletter, please do so here.

More from Bloomberg

  • Economics Daily for what the changing landscape means for policymakers, investors and you
  • Green Daily for the latest in climate news, zero-emission tech and green finance
  • Hyperdrive for expert insight into the future of cars
  • Design Edition for CityLab's newsletter on design and architecture — and the people who make buildings happen
  • Work Shift for exclusive insight and data on the future of work

Explore all Bloomberg newsletters at Bloomberg.com.

Follow Us

Like getting this newsletter? Subscribe to Bloomberg.com for unlimited access to trusted, data-driven journalism and subscriber-only insights.
 

Want to sponsor this newsletter? Get in touch here.

You received this message because you are subscribed to Bloomberg's CityLab Daily newsletter. If a friend forwarded you this message, sign up here to get it in your inbox.
Unsubscribe
Bloomberg.com
Contact Us
Bloomberg L.P.
731 Lexington Avenue,
New York, NY 10022
Ads Powered By Liveintent Ad Choices

No comments:

Post a Comment

🇫🇷 Le PEA est arrivé chez Trade Republic ✅

Mais ce n'est pas tout, il y a d'autres nouveautés encore plus incroyables que je vais vous présenter en 4 points... Publi...