Zoning Change Could Stymie Hotel Construction In New York

By Andrew McIntyre (May 7, 2018, 9:54 AM EDT) -- New York City wants to require new hotel projects in certain manufacturing zones to obtain a special permit as part of the city's effort to preserve existing properties and encourage more industrial construction, but lawyers on the lodging development side say the change would likely slow new hotel construction and may not jump-start manufacturing.

The City Planning Commission in April certified the proposal to require new hotels and motels in so-called M1 manufacturing zones to apply for a special permit, and the change could become law in less than two months.

"It's throwing one more monkey wrench in the works to...

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