Seven years ago, 22-year-old Carlos Moncayo was killed when the walls of an excavation pit collapsed on him at a construction site in the Meatpacking District. The general contractor, Harco Construction, was convicted of manslaughter in what was considered a landmark construction safety case. But the Occupational Safety and Health Administration only fined the company $10,000 — the maximum under state law. Lawmakers proposed Carlos’ Law in 2017, raising the maximum fine for companies found
UPDATED, April 12, 2022, 1:12 p.m.: Public housing has gone middle class. Billed as “workforce housing,” it mimics a private-sector trend in places where home prices and rents have soared beyond the household budgets of many working professionals, who find themselves locked out of homeownership and hard-pressed to afford monthly rents. Making the market work requires a little government help. “Cities are looking at a broader use of subsidy further up the income scale because
UPDATED May 18, 2022, 12:30 p.m.: A decade-old deal to build out a large retail space in the heart of Times Square landed Jeff Sutton with both a lucrative addition to his portfolio and a new enemy: an investor who claims the billionaire Wharton Properties founder cheated him out of millions. Investor Norman Rappaport claims Sutton defaulted on a $15 million loan Rappaport provided him in 2011 to buy the landmarked I. Miller Building at
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