As rent-stabilized buildings deteriorate and go bankrupt, a pair of legislators are seeking the same fate for commercial properties. State Sen. Julia Salazar and Assembly Member Emily Gallagher are “making a concerted push” for a bill they introduced last year to create rent stabilization for New York City retail tenants, City & State reported. They’re calling it the Small Business Rent Stabilization Act, although it’s so badly written that it doesn’t specify retail space or exclude office space. Various versions of this destructive bill have been bouncing around the City Council for about 40 years, including this one, which had […]

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