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$1.9T Relief Bill Passed, New York is Getting Back to Work, Lincoln Center

Martin Eiden | August 24, 2021

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New and Noteworthy

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$1.9T Relief Bill Passed

Congress passed a $1.9T Relief Bill that provides aid to schools, small businesses, museums, restaurants, transit, theaters, vaccine distribution and local govts as well as a $1,400 in direct aid payment to many Americans struggling through the pandemic. President Biden signed the bill yesterday along with an announcement where he said that all Americans will be vaccine-eligible by May 1st. (Full Story)

New York is Getting Back to Work

New York City is getting back to work after a 12-month pause that brought building work on 1,700 city projects on hold.

Mayor Bill de Blasio announced that the city will resume its $17 billion capital projects plan that includes new schools, library projects, parks and sewer work by the end of March. (Full Story)

Workers build on an elevated construction site, with the Chrysler Building rising in the background.

Lincoln Center plaza at night, with a purple-lit arched building and a passerby.

Good News: Lincoln Center

Thespians rejoice! Last week, officials announced plans to create 10 outdoor spaces at the Lincoln Center for pandemic-era performances and rehearsals. The broad initiative, known as “Restart Stages,” will begin April 7 with a concert for health care workers and will roll out more shows throughout the summer months. (Full Story)

Team News

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Ask An Expert Ep. 41

🧠KNOWLEDGE = 💪🏼POWER... 💰

Financial Power

This week, Executive Vice President of Wintrust Financial Corp, Eric Brecher Esq. taught us everything there is to know about 1031 Exchanges. You may not think this applies to you, but if you are ever selling a house then buying another, the 1031 exchange could save you a fortune on capital gains taxes.

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Sometimes a regular 5-star review isn't enough and our clients take to a different medium to convey their appreciation. In this testimonial video, Michael Landsman, Esq. of Holm & O'Hara LLP gives us his full endorsement. Thank you Michael! We've loved the partnership we have been able to establish and look forward to working with you in the future! We would love for you to submit a review of your own if you feel inclined. Here is the link!

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Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. All Coming Soon listings in NYC are simultaneously syndicated to the REBNY RLS.

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