Today’s Metro examines the ongoing problems with Community Benefits Agreements in New York City. According to the article, both the CBA that accompanied the new Yankee Stadium development (seen in a rendering here), and the Memorandum of Understanding between Columbia and the Manhattanville community, lack the binding power of traditional CBAs. What with the delay in community benefits from the Yankee Stadium agreement and recent controversy over the Columbia deal, Metro wonders if NYC is setting a bad example for the rest of the country:
“This New York style of deal making worries California attorney Julian Gross. ‘The entire future of the community-benefits movement could be threatened by CBAs being sidetracked and taken over by developers and electeds who want to steer and channel the community participation,’ he said.”
Read the full article here.