New York City city council has proposed a law that would allow building permits to be renewed up to four years after their expiration. Under the new law, buildings that wish to renew expired permits must comply with strict safety requirements to ensure that the jobsite is safe and properly maintained.
If participating builders comply with the regulations, permits can be renewed in two two-year cycles. According to Crain's New York Business, Department of Buildings Commissioner Robert LiMandri encouraged the proposal, saying, "This new legislation will encourage [property owners] to better safeguard their stalled site so they can resume work quickly one financing is secured and complete their construction projects, which will benefit the city's communities and its economy."
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