NEW YOK CITY-“The New York State budget is in a precarious state.” Despite the gains made in the macro economy, Robert Knakal, chairman of Massey Knakal, leveled that observation in a recent exclusive video interview. He believes that until the state government gets its fiscal house in order, funds for much-needed initiatives, such as education and infrastructure, will remain frozen.
Click on the attached video to hear:
• How fracking, though controversial, can help the New York State jobs picture;
• How public/private partnerships can “inject millions into the economy; and
• Why Manhattan is the tax capital of the country.
Tune in next Tuesday for Part Two.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
