News

Conflicts of Interest Board Settles with De Blasio in First Enforcement Action Against an NYC Mayor

Bronx Elected Officials Back a Snowstorm Hearing
By SÍLE MOLONEY
After three years of litigation, the New York City Conflicts of Interest Board (COIB) has reached a settlement with former Democratic NYC Mayor Bill de Blasio to resolve his violations of the City’s conflicts of interest law in connection with his 2019 presidential campaign, board officials announced Wednesday, May 14. As part of the settlement, De Blasio will pay the City a total of $329,794.20 in restitution and fines. They said he has already paid $100,000 of this sum to the Board.

Applications Now Open for Submissions to Develop Multiple Bronx Solar Sites

By SÍLE MOLONEY
NYC Economic Development Corporation (EDC) announced on Tuesday, May 13, it is now accepting Requests for Proposals (RFP) from developers to design, finance, install, own, operate, repair, maintain, and ultimately decommission roof-mounted and/or carport-mounted solar photovoltaic (PV) systems on three EDC-leased sites in The Bronx.

UPDATE Agallas Equities Responds to Mayor’s Remarks on Possible Microchip Production at Kingsbridge Armory

By SÍLE MOLONEY
Agallas Equities, a Manhattan-based real estate firm, has blasted recent comments made by New York City Mayor Eric Adams on possible plans to start microchip production at the Kingsbridge Armory. As reported, Agallas filed a lawsuit on March 28 against NYC Economic Development Corporation (EDC), Andrew Kimball as CEO of EDC, 8th Regiment Partners LLC, a joint venture of Maddd Equities and Joy Construction, Bronx Borough President Vanessa Gibson and now former Deputy Bronx Borough President Janet Peguero over what it alleges was “the controversial selection” of the rival, chosen developer (8th Regiment Partners LLC) for the Armory redevelopment project announced in January.