More than 500 projects are on hold in New York City, according to the New York Building Congress. The Building Congress said the city government should allow tax credits or zoning changes to help get stalled projects moving again. The city recently approved a law that lets owners submit construction-site safety plans that would keep their permits current for an extra four years, so stalled projects could be restarted more easily.
So, if nothing's happening in Las Vegas, and now things are slowing down in the Big Apple and in the Windy City, where are we to turn for some good news? Are you a victim of one of these stalled projects? How much is affecting your firm?