News:
Spotlight Content
Posted: February 22, 2010
Decade Answers: Roslyn Goldmacher
Roslyn Goldmacher is the president and CEO of the Long Island Development Corp./Greater New York Development Co., Bethpage N.Y.
What was one of your corporate or career highlights of the decade?
Having the privilege of participating in over $300 million in direct loans to small businesses on Long Island to help them survive, thrive, and grow their businesses. These loans were made by LIDC under various government and private sector programs and ranged from loans to acquire/renovate buildings to targeted working capital loans to help growth industries. These loans retained/created some 20,000 jobs for our economy, translating into millions of tax dollars to support our region. This experience was part of my work at LI Development Corporation, a nonprofit economic development organization charged with promoting the economy of Nassau and Suffolk Counties.
Tags:
Spotlight Content
MORE FROM Spotlight Content
Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin
When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
.png)
Quick Hits
.gif)
.jpg)
Columns and Thought Leadership
Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra
Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
The strategy of co-op busting in commercial real estate - by Robert Khodadadian
In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen
The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:
Formal Legislative Role
• Limited direct lawmaking power: The NYC Council is the primary
.gif)