Ken Fisher, a member in the firm's Real Estate practice, discusses New York City's 421-a tax abatement in Real Estate Weekly, which requires the Real Estate Board of New York and construction unions to forge a deal over prevailing wages by the end of 2015. Kenneth comments on how developers who build midsize rental buildings in the boroughs and upper Manhattan, are the ones who will be most affected if both sides do not come to an agreement, ultimately causing the 421-a tax abatement to be discontinued.
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