Wednesday: GOP Asks if Cuomo Cheats


  • Bonds worth $256 million will pay for the “rehabilitation” of the top 41 floors at 20 Exchange Place. The landmark 1929 Financial District building was the longtime home to Citibank (then known, shockingly, as Citi Bank). But sometime soon, those top floors (16 to 57) of the 800,000-square-foot tower will be converted into 369 “luxury rental apartments.” We miss Citi Bank already. (Globe St.)
  • The New York Republican Party chairman has accused Attorney General hopeful Andrew Cuomo of violating campaign finance rules by getting a bargain on rent. The Times‘ story on the subject omits the locale of his current HQ: Cuomo’s campaign lists its mailing address at Floor 8 of 1740 Broadway. (New York Times)
  • Which comes first: sound-bites from superstars (like Prudential Douglas Elliman CEO Dottie Herman) that declare “we’re not really in a boom anymore,” or the real end of the boom? It’s a vicious paradox. Either way, the second quarter of 2006 has officially “shut the door” against the halcyon days of winter 2005. (The Real Deal)
  • Chuck Schumer does not like post-9/11 greed, so he calls the WTC Captive Insurance Co. a “stingy, bottom-line-obsessed corporation” (to the face of its CEO, no less). He demands that the company’s $1 billion of federal funds is distributed to the 40,000 workers “who gave of themselves at Ground Zero.” Somehow the EPA is involved too. And Hillary. (NY Daily News)
  • Today’s great MTA news: practically nothing has changed for the city’s subways in half a century. By 2056, however, we’ll all be flying to Jersey beneath the Hudson River. (NY Post)
  • (Note: The item on Mr. Cuomo’s B-way office has been updated.)

    Max Abelson Wednesday: GOP Asks if Cuomo Cheats