Statement by Real Estate Board of New York President John Banks on The Greater East Midtown Rezoning

“The City Council’s approval of the Greater East Midtown rezoning is an important milestone in an on-going effort to ensure the area remains one of the world’s leading office districts. We want to thank Deputy Mayor Alicia Glen, Borough President Gale Brewer, Council Member Dan Garodnick, City Planning Chair Marisa Lago, all the Community Board Members and the many other stakeholders who worked tirelessly and understood that encouraging development in East Midtown generates the tax revenue that pays for vital city services that benefit all New Yorkers.”

– John Banks, President, The Real Estate Board of New York