Press Release

Statement By Real Estate Board of New York President James Whelan on 200 Amsterdam Ave Court Ruling

REBNY Press

February 16, 2020

“The Court’s mistaken decision sets a dangerous precedent that threatens construction activity throughout New York City. If a specious lawsuit can reverse a nearly complete project, developers and lenders will lose faith that the City’s regulatory framework can actually be trusted.”

James Whelan, President, The Real Estate Board of New York