Posted by Anna on August 02, 1999 at 21:11:03:
In Reply to: Will this bargaining chip get played posted by MikeW on July 22, 1999 at 13:15:01:
link to article in today's NY Post: http://nypost.com/commentary/9301.htm
LOFT LAW TO BE RENEWED IN
NEW BUDGET DEAL
By FREDRIC U. DICKER
SOME 10,000 Manhattan rent-regulated
tenants will get a reprieve this week when
the Legislature and Gov. Pataki agree to
renew New York's 17-year-old Loft Law.
Sources told The Post yesterday that an
"understanding" reinstating the Loft Law,
which expired June 30, has been reached by
Assembly and Senate negotiators, who are
expected to wrap up a state budget deal as
soon as tomorrow.
also: did you see the article in July99 Met Council paper? online on TenantNet Home.
Scott Sommer, Met Council, on WBAI tonight, said he spoke with a member of the Loft Board who was less sure of it: our esteemed mayor is not pushing Albany on this: he suggested giving Rudy a call...
: If Pataki and the Senate (sounds like a bad rock band) get pushy, how willing will Shelly be to defend the Lofties. Will they get traded for budget item to be named later?
: : : I haven't heard anything about a renewal of the loft law being put in place. How long can it stay dead before LLs can start refusing to renew leases.
: : ***********************
: : The Loft Law isn't really DEAD, any more than the rest of the state budget! Like other sunset laws & the budget, it is in limbo right now. Most likely, whenever they pass the budget, the Loft Law will be renewed, retroactively. I wouldn't worry about some landlord refusing to renew an individual lease: he would still have to evict through the courts. Even the normal court delays should be enough time for Albany to get off its collective duff.
: : Apparently, the guys in Albany didn't think Mother Nature could make this into the longest, hottest summer all by herself!
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