Post-Sandy Building Regs Could Hike NYC Development Costs

Law360, New York (June 14, 2013, 7:35 PM EDT) -- The 33 changes to New York's building codes and landlord best practices proposed Thursday by Mayor Michael Bloomberg are meant to protect the city from another Sandy-like storm, but experts say they will be expensive to implement and could deter some development.

The storm dealt a costly blow to the city — $42 billion by some estimates — and in response Bloomberg convened a task force to come up with ways to prevent such a loss in the event of another superstorm.

But while the recommendations,...
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