Brooklyn developers lobby for 421a in Albany

With the clock winding down on the state’s 421a tax abatement and legislators facing a June 15 deadline to either extend or reform the program or let it die, Brooklyn developers in support of the incentive made their way up to Albany.

Brooklyn Chamber of Commerce president Carlo Scissura and TerraCRG president Ofer Cohen, who chairs the chamber’s real estate committee, led a group of Brooklyn real estate stakeholders who met with lawmakers in the state capital Monday. The delegation – including Brookland Capital’s Boaz Gilad, Hudson Companies’ David Kramer and Slate Property Group’s David Schwartz – conferred with state senators Martin Golden (R) and Simcha Felder (D), both of whom represent Brooklyn districts.

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