The Economic and Financial Impacts of Local Law 97 on Building Owners

Local Law 97, also known as the Climate Mobilization Act, is a piece of legislation enacted by the City of New York in 2019 with the aim of reducing greenhouse gas emissions from large buildings in the city. The law sets stringent emissions caps for buildings over 25,000 square feet and imposes fines for non-compliance, which has significant economic and financial implications for building owners, tenants, and the real estate market in New York City.

Read More About Local Law 97: https://www.thecotocongroup.com/nyc-local-law-97/

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