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WPCNR THE LETTER TICKER. JUNE 27, 2015:
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WPCNR THE LETTER TICKER. JUNE 27, 2015:
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WPCNR THE AGONY OF THE RECOVERY. From the First Niagara Bank Leadership Conversation Series. June27, 2015
The transformation of the suburban real estate market and its economy over the next 20 years will entail repurposing office space with a smart combination of healthcare uses, residential and light retail, a leading commercial developer told an audience of more than 100 business leaders at the Business Council of Westchester’s First Niagara Bank Leadership Conversations Series this week.
Joseph Simone, President and CEO of Simone Development Companies, said Westchester must modernize its antiquated office parks — particularly along the I-287 corridor – and repurpose existing buildings to reflect significant shifts and consolidations in the healthcare industry; changing housing needs for young professionals that are near public transportation and advances in new technologies.
“The suburbs are going to be repurposed for other, higher and better uses,” Simone said. “Things have to be done way more efficiently.”
Simone’s remarks were part of fascinating 45-minute interview between Simone and Business Council CEO Marsha Gordon. Topics discussed included Simone’s role in creating with the first “bedless” hospital with Montefiore Health Systems; his company’s plans to transform the Boyce Thompson property in Yonkers and the explosive growth of New York City’s outer boroughs that will no doubt lead to opportunities for Westchester’s urban centers, notably Yonkers, Mount Vernon, New Rochelle and White Plains. Referring to the urban centers, he said, “That’s where young people are going to live. But you have to provide public transportation.”
Simone knows of what he speaks. Simone Development Companies is a full-service real estate investment company that owns and manages more than 5 million square feet of property in Westchester, the Bronx, Queens, Long Island and Connecticut.
Under Simone’s visionary leadership, the company has been in the forefront of partnering with major healthcare providers to create turnkey ambulatory medical facilities in the New York metropolitan area, with over 2 million square feet of new healthcare and medical office space currently built or in development.
In Westchester, Simone Development recently completed a state-of-the-art medical office building for WESTMED Medical Group at the Purchase Professional Park; it is the first new office building to be constructed on the I-287 corridor in more than 25 years. Simone Development earlier this month broke ground on an innovative project that will transform the former Boyce Thompson horticultural complex in Yonkers into a modern mixed-use development featuring professional offices, medical space, retail stores, bank and restaurants.
During the conversation, Simone cited significant changes and monumental shifts that are happening in the healthcare industry that are creating a need for more efficient systems. The great news, he added, was that these changes are going to create new jobs and opportunities, and necessitate colleges and universities train students for careers in healthcare. He said these advances will reverberate into throughout the economy.
In describing why his visionary approach to real estate development has worked so well, Simone said: “It’s about fulfilling a need. If you fulfill people’s need, you will be successful.”
“Joe Simone’s vision and approach are fascinating and we appreciate that he shared his insight with our members,” Gordon said. “It’s clear that he is playing a key role in transforming the New York Metropolitan real estate market now and for years to come.”
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WPCNR SPLASH REPORT. JUNE 26, 2015:
Westchester County pools opened today and Saxon Woods Pool was perfect today. The water was I’d say about 72 degrees, unusually comfortable such a short time and the chlorine level was very tolerable on the eyes and the facility was clean and just delightful.
WPCNR has to apologize for the lousy National Weather Service forecasts for White Plains this week. They have been wrong everyday. We could all do with a lot less weather reports and more news since the boys and girls at weather central apparently do not look out the window when doing their forecasts. I say get your ahead out of the radar scopes and look at wind direction and humidity levels. You either have too much information and do not interpret it correctly or forecast too far in advance.
Really.
So if the weather is wrong again tomorrow…the pool at Saxon Woods is open, very comfortable to swim in and is just glorious.
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WPCNR ALBANY ROUNDS. From the Governor’s Press Office. June 25, 2015, 7:30 P.M.:
Governor Andrew M. Cuomo today announced details of a final agreement on a number of major priorities for the end of the 2015-16 legislative session.
Governor Cuomo said: “Today, we have reached an agreement on robust, comprehensive reforms that put the people of New York first. We are strengthening rent laws and extending them for four years in the New York City area to protect more than two million tenants. We are also extending the property tax cap and creating a $1.3 billion property tax rebate program to provide significant relief to homeowners across the state. And we are providing $250 million to support the education of roughly 400,000 students in the state’s non-public schools. These are the kinds of reforms that keep New York moving forward, creating a better life and livelihood for people in virtually every corner of the state, and I am proud to have fought to make them a reality.”
The legislation introduced today contains a variety of significant reforms and actions, including:
Strengthening and Extending Rent Laws in New York City and Other Metropolitan Areas
The New York metropolitan region’s rent laws will be extended for four years, and will be made retroactive to June 15, 2015. Further, additional reforms will be made to strengthen these laws, including: · Increasing and indexing the high rent threshold to the applicable rent guidelines board (rent guidelines boards apply different rents to different geographic areas). This will make it more difficult for units to be removed from rent regulation because it will allow for the high rent watermark to float based on the rent guidelines board increases.
· Vacancy decontrol limits will be increased to $2,700, and annual increases thereafter will be indexed to the Rent Guidelines Board.
· Increasing civil harassment penalties. These provisions increase monetary penalties imposed on landlords who harass tenants by approximately $1,000, to $3,000 for each offense and up to $11,000 for each offense where the owner harassed a tenant to obtain a vacancy.
· Extends the Major Capital Improvement amortization period from 84 months to 108 for buildings over 35 units and 84 months to 96 for buildings under 35 units. The legislation limits the amount of rent that landlords can charge tenants in order to receive reimbursement for necessary improvements or installations.
· Limits the vacancy bonus provided to landlords on tenants who receive preferential rent as a way to stop the “churn” on these units.
Extending the Property Tax Cap and Cutting Taxes for Homeowners
The legislation extends the property tax cap for an additional four years. Since its enactment in 2011, the real property tax cap has dramatically reduced the growth in local property taxes. Through the first three years of the Cap, the typical property taxpayer has saved more than $800, compared to if taxes had continued to grow at the previous growth rate. If the trend continues, by 2017, the typical taxpayer will have saved more than $2,100 in local property taxes as a result of the Cap.
Building on the success of the property tax cap, the legislation includes a new Property Tax Credit that will provide more than $3.1 billion over four years in direct relief to struggling New York taxpayers. The program is progressively structured so that taxpayers with lower incomes receive a higher benefit.
In the first year, 2016, the program will be coupled with the existing Property Tax Freeze credit to provide a total average credit of $350. Beginning in 2017, the program will provide property tax relief based on a percentage of a homeowner’s STAR benefit, with lower incomes receiving a larger percentage. All homeowners with incomes below $275,000 who live in school districts that comply with the property tax cap will be eligible to receive the credit. This year, 98 percent of school districts complied with the cap. When the program is fully phased-in for benefits provided in 2019, it will provide $1.3 billion of property tax relief and an average credit of $530.
Additionally, this agreement creates a program that will help communities that face decreased property tax revenue as a result of the loss or reduction in tax payments from power plants and other facilities that close in their community.
For New York City residents, the legislation extends by four years the $85 million, progressively structured “Circuit Breaker” tax relief program. Qualifying homeowners and renters with incomes below $200,000 are eligible to receive a refundable tax credit against the personal income tax when their property taxes or rent exceeds a certain percentage of their income.
Extending and Reforming 421-a
The legislation extends the 421-a program for six months, with a provision that allows representatives of labor and industry groups to reach a memorandum of understanding regarding wage protections for construction workers. If such an agreement is reached, the program will automatically be extended for four years.
Investing in Education
The legislation also includes major advancements in education policy and assistance for nonpublic schools in New York State. These include:
· Increased funding of $250 million to reimburse private schools for the costs of performing State-mandated services.
· The Parental Empowerment Act which requires additional disclosure of state exam questions and answers, the creation of a test content review committee by the State Education Department, and clarification of required components of the student growth model for teacher evaluations.
· A one-year extension of mayoral control of the New York City school system.
· An increase in the number of charter schools available to be issued in New York City to 50 and enhanced flexibility in teacher certification rules.
· $25 million to help resolve the acute financial challenges currently being faced by the Yonkers School District and $6 million to support programs to combat child poverty in the City of Rochester.
Finally, the legislation also amends current law to allow the sitting governor, or former governors, to officiate marriages in the State of New York. Previously, Governors could only solemnize marriages ceremonially, unless they were also ordained ministers.
Building on Progress
The Governor and legislative leaders also recently reached agreements on two other significant packages of legislation – the first ensuring that private colleges in the state establish a uniform and comprehensive set of policies to protect students from sexual violence, and the second giving the state the authority to crack down on bad actors in the nail salon industry, while also establishing a new licensing program to help workers acquire new skills. Last week, the Governor and legislative leaders also reached an agreement on a bill to codify comprehensive reforms to overhaul the port authority of New York and New Jersey.
These reforms also build on the earlier accomplishments secured during the first half of the legislative session, including:· Landmark education reforms and a $1.3 billion increase in state education aid, bringing total state funding to $23.5 billion – the highest in New York’s history;
· New ethics laws to deter, detect and punish breaches of the public trust, including the nation’s strongest disclosure requirements for outside income;
· $5.4 billion investment in programs and initiatives to grow New York’s economy (such as the $1.5 billion Upstate Revitalization Initiative, a $1.3 billion investment in the New York State Thruway, and $500 million to establish the New NY Broadband Program and ensure statewide high-speed broadband access by the end of 2018); and
· An economic mobility agenda that includes investments in affordable housing, student loan relief, MWBE support, and homeless and hunger assistance programs.
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THIS WEEK’S PEOPLE TO BE HEARD
WESTCHESTER COUNTY’S MOST RELEVANT INTERVIEW PROGRAM
YOU’VE GOT
TOWN SUPERVISOR OF GREENBURGH
ON
HOW’S REASSESSMENT DOING IN GREENBURGH?
LICENSING MASSAGE PARLORS TO SHORTCIRCUIT HUMAN TRAFFICKING
THE GREENBURGH TOWN GOVERNMENT AND BOARD OF EDUCATION COMBINE TO PREPARE YOUTH FOR JOBS OF THE FUTURE
THE EFFECT OF NEW APARTMENTS/DEVELOPMENTS IN TOWNS ALONGSIDE THE SAW MILL PARKWAY
THE LACK OF MOVEMENT ON A MASS BUS TRANSIT PLAN TO COMPLEMENT THE NEW TAPPAN ZEE BRIDGE
THE JURY IS STILL OUT ON THE PROPERTY TAX CAP
INTERVIEWED BY
PETER KATZ AND JOHN BAILEY
ON THE INTERNET AT
www.whiteplainsweek.com
DOWNLOAD THE JUNE 25 SHOW.
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WPCNR THE LETTER TICKER. JUNE 24, 2015: Mayor and Common Council, The writing is on the wall and it doesn’t appear favorable for the residents of White Plains. Initially I did not expect this outcome, anticipating reason and fairness to prevail. It is now obvious that the past 4 plus years has been a cruel charade. No matter the voluminous and cogent comments by your constituency contradicting the fiction FASNY has been dispensing, your obstinacy, arrogance, and lack of transparency is poised to grant a special permit to a school that does not belong here. Living in White Plains for fifty five years and in my cherished house on Dupont for 50 years I find myself at the mercy of a Mayor, the Common Council(minus two), and appointed officials who will be responsible for my premature departure from White Plains. I am proud to say that I served the residents of this city well for forty five years as a Cardiologist, eight of those years as Chief of Cardiology at White Plains Hospital where I was instrumental in supervising the new Cardiac Care Unit, training nurses, starting the first Echocardiology program in the county, chairman of the patient care committee and much more. It is infuriating for me to accept the fact that a handful of people are prepared to turn my life upside down by forcing me to vacate the house and community I love for specious reasons. Ron and Marie Rhodes have provided you with more than enough facts o deny FASNY their special permit. IF their letter last month has not given you sufficient reason then I have to assume that there is something rotten in the City of White Plains. Sanford S Zevon, M.D. White Plains, New York
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WPCNR THE LETTER TICKER. JUNE 24, 2015:
Dear Mayor Roach and Honorable Members of the Common Council:
Attached is the link to a thoughtful article regarding the negative impacts of government authorities taking property for the exclusive benefit of private developers.
http://reason.com/blog/2015/06/23/the-kelo-debacle-turns-10
The article discusses the harmful US Supreme Court decision in Kelo v. City of New London, and the dangerous ruling of the New York Court of Appeals in the Columbia University case that FASNY has improperly cited as precedent for closing Hathaway Lane.
To be clear, the law of eminent domain does not apply to the proposed demapping of Hathaway Lane, as we have demonstrated in several letters to you. Nonetheless, the adverse impacts of eminent domain discussed in this article are substantially the same as depriving the public of the use of this important street.
We believe that is ironic that you will be voting on the FASNY application at the ten-year anniversary of the Kelo decision. As the author points out, it is remarkable when political figures as diverse as Democratic Rep. Maxine Waters of California and radio host Rush Limbaugh agree on anything!
In sum, FASNY is improperly relying upon eminent domain principles to justify its proposals. But when a developer relies upon the wrong doctrine that in and itself is harmful and destructive, does this not show that something is radically wrong with this development?
Joseph and Denise DeMarzo
White Plains, New York 10605
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The three-way agreement includes the following reforms and actions, among others:
Extends the Property Tax Cap and Cuts Taxes for Homeowners
The agreement extends the property tax cap for an additional four years. Since its enactment in 2011, the real property tax cap has dramatically reduced the growth in local property taxes. As compared with the 10 year period prior to 2011, the real property tax cap has reduced the rate of growth in local taxes by nearly 60 percent. As a result, the cap has saved the typical homeowner $800 since its enactment. This savings is expected to increase to $2,100 by 2017.
The agreement also includes $1.3 billion in property tax cuts for homeowners.
Invests in Education–Private School Tax Credit for Tuition, Gifts Dropped, but 50 New Charter Schools Slots Added; $250 Million for Private School Aid Added
The agreement also includes major advancements in education policy, as well as assistance for both public and private schools in New York State. These include:
· Increased funding of $250 million to reimburse private schools for the costs of performing State mandated services and the CAP programo
The Parental Empowerment Act which will require the disclosure of state exam questions and answers, the creation of a student content review committee by the State Education Department, and a review of growth model.·
An amendment on the cap on charter schools in New York City. 50 New Charter Schools.This will allow 50 unissued and expired charters to be made available for new schools from the State Education Department or from the State University of New York; and
· A one-year extension of mayoral control of the New York City school system, subject to annual review and approval.
Strengthening and Extending Rent Laws in New York City and Other Metropolitan Areas
The New York metropolitan region’s rent laws will be extended for four years, and will be made retroactive to June 15, 2015. Further, additional reforms will be made to strengthen these laws, including:
· Increasing and indexing the high rent threshold to the applicable rent guidelines board (rent guidelines boards apply different rents to different geographic areas). This will make it more difficult for units to be removed from rent regulation because it will allow for the high rent watermark to float based on the rent guidelines board increases.
· Vacancy decontrol limits will be increased, and be indexed to the Rent Guidelines Board.
· Increasing civil harassment penalties. These provisions increase monetary penalties imposed on landlords who harass tenants by approximately $1,000.
· Extends the Major Capital Improvement amortization period to reduce the overall increase to a tenant’s rent.
· Limits the vacancy bonus provided to landlords on tenants who receive preferential rent as a way to stop the “drain” on these units.
· Putting the successful tenant protection unit into statute to ensure the unit remains permanent in protecting tenants
Extends and Reforms Affordable Housing.
The agreement extends and reforms the 421-a program for four years to provide more affordable housing to residents in New York City and a Memorandum of Understanding will be required between the industry and trades.
Cracks DOWN on Sex Violence on Campus; Nail Salon Abuses; Moves Port Authority reform.
The Governor and legislative leaders also recently reached agreements on two other significant packages of legislation –
the first ensuring that private colleges in the state establish a uniform and comprehensive set of policies to protect students from sexual violence,
and the second giving the state the authority to crack down on bad actors in the nail salon industry, while also establishing a new licensing program to help workers acquire new skills.
Last week, the Governor and legislative leaders also reached an agreement on a bill to codify comprehensive reforms to overhaul the port authority of New York and New Jersey.
These reforms also build on the earlier accomplishments secured during the first half of the legislative session, including:
· Landmark education reforms and a $1.3 billion increase in state education aid, bringing total state funding to $23.5 billion – the highest in New York’s history;
· New ethics laws to deter, detect and punish breaches of the public trust, including the nation’s strongest disclosure requirements for outside income;
· $5.4 billion investment in programs and initiatives to grow New York’s economy (such as the $1.5 billion Upstate Revitalization Initiative, a $1.3 billion investment in the New York State Thruway, and $500 million to establish the New NY Broadband Program and ensure statewide high-speed broadband access by the end of 2018); and
· An economic mobility agenda that includes investments in affordable housing, student loan relief, MWBE support, and homeless and hunger assistance programs.
Video of that announcement can be viewed here: http://youtu.be/fZhWIGUT8Kw
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ON
THE CHARLESTON ATTACK WHAT IT SAYS TO US
THE RED LIGHT CAMERAS ARE COMING — LEGISLATURE APPROVES 5 YEAR TRIAL.
THE FASNY SPECIAL MEETING COMING UP
THE PLAYLAND STANDARD AMUSEMENTS APPROVAL — WHAT IT DID NOT DO
THE LEAKY FIREHOUSE
AND
MORE
TONIGHT
NOW ON THE INTERNET AT
www.whiteplainsweek.com