CRE Could See New Funding From $4.2B Environmental Bonds Act New York

Bisnow: Earlier this month, roughly 68% of voters in New York voted to approve a ballot measure that will allocate billions of dollars for climate spending.

Proposition 1, or the Environmental Bonds Act, will see the state sell off $4.2B in government bonds to fund an array of projects designed to increase climate resiliency throughout the state. While the majority of that sum has already been allocated, experts told Bisnow that the EBA also holds huge potential for commercial real estate players. Read more>>