Developers frustrated over New York taxes and regulations

All the usual complaints about New York’s notorious business climate surfaced Thursday at an Albany Business Review power breakfast with real estate developers.


But there was a new twist. The developers contended that high taxes–and even more so, burdensome regulations–make it harder to provide housing that attracts and retains a demographic everyone wants: working Millennials.


About 230 businesspeople attended the forum, held at the Hilton Garden Inn in Troy, NY.


To illustrate the point, Uri Kaufman brought along some huge stacks of papers. He is president of The Harmony Group, specializing in converting old mills into apartments (as he’s done with Harmony Mills in Cohoes).

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