Politics

NY Gubernatorial Candidate Tom Suozzi on Real Estate


U.S. Rep. Tom Suozzi isn’t new to enterprise or to politics. The congressman from New York’s third district is a CPA, an lawyer, a former county govt and served 4 phrases as mayor of his native Glen Cove.

He additionally isn’t new to gubernatorial candidacy, having confronted off in opposition to Eliot Spitzer within the state’s 2006 Democratic major. It didn’t go well.

Neither that defeat nor pressure from his own party has swayed Suozzi from his ambitions this time round. “Everything I’ve done in my life has prepared me for this particular job at this particular point,” he informed The Real Deal final week.

That may not be a nasty factor for the state’s actual property pursuits, to which Suozzi might signify a purplish spot in an ever-deepening sea of blue. He’s obtained enterprise expertise, is aware of tips on how to play the political sport and hasn’t eschewed actual property donations. In comparison with incumbent Gov. Kathy Hochul, who largely failed to get the business’s priorities throughout the end line within the state finances, and fellow challenger Jumaane Williams‘ position further to the left, Suozzi could capture some of the industry’s assist.

To do this, he must show viability above all else. This week he launched inner polling displaying he’s gaining on the incumbent and will overtake her by the June major.

Now, with 421a and so many different crucial points on the road, is it Suozzi’s time? And what would a Suozzi governorship truly imply for actual property? (“Local control, not Hochul control,” he says, for one, referring to his place that localities ought to be capable to reject zoning that permits accent dwelling models.)

TRD senior managing editor Erik Engquist interviewed Suozzi to seek out out extra. Watch the video above for his takes on every part from the business’s favourite tax exemption to single-family zoning and the state’s 2019 lease regulation.

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