Putting a price on NYC permitting delays

Research in action: Why permitting reform matters. Evan Soltas translated his recent LA permitted reform paper, that we featured a few weeks ago, into a localized estimate of the value of permitting reform in NYC. Each year of permitting time saved in NY is equivalent to an 8% drop in construction costs. With state SEQRA reform and local NYC streamlining, 2.5 years of promised permitting time savings could save quite a bit. Chris Elmendorf further notes the Governor & State Senate would need to prioritize SEQRA in budget negotiations with a still-recalcitrant Assembly to get clean reform over the finish line