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Tag: infrastructure projects

  • Campolo: Hochul’s SEQRA reforms could speed LI development | Long Island Business News

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    In Brief:
    • Gov. Hochul’s State of the State outlined the “” to reform SEQRA review requirements.
    • Proposals include exempting certain infrastructure and community projects from SEQRA review.
    • A mandatory two-year deadline would bring certainty to Environmental Impact Statement reviews.
    • New digital tools and permitting modernization aim to reduce delays and investor risk for development projects.

    In her recent State of the State address, Gov. laid out a very aggressive agenda to help make New York more affordable for its residents. One area was for increased state investment in housing, and while there was no mention of any tax or other financial incentives for developers in New York, she did propose what she is calling her “Let Them Build Agenda.” This initiative seeks to provide common-sense reforms to the State Environmental Quality Review Act (“SEQRA”). If these changes come to fruition, it would help accelerate certain development projects here on Long Island by significantly reducing costs and time to check the state environmental box that all municipalities are required to manage.

    Such proposals include:

    The acceleration of critical : The governor’s proposal will include eliminating SEQRA review for Type II projects. These include clean water infrastructure projects, green infrastructure, public parks, recreational bike paths, and new or renovated childcare centers.

    Establishing clear deadlines for local communities: As every developer knows, the timing for SEQRA review is critical to obtain but is a “wild card” as to how long that process will take. The governor’s proposal is to make a two-year deadline mandatory for completion of the Environmental Impact Statement to the issuance of the final agency decision. Here on Long Island, many communities resist density increases, and municipal boards can use SEQRA’s flexibility to impose additional requirements or delay approvals, even for projects that would meet standard zoning. Clear state-mandated deadlines will bring more certainty to these projects.

    Modernizing permitting processes: It has been decades since the state agencies have updated their processes and technologies used to review and approve environmental permits. Gov. Hochul is directing all agencies involved to give a full report no later than Sept. 1, 2026, as to how to best accelerate reviews. She also announced that the New York State Department of Environmental Conservation will launch “Smart Access,” which is a platform that enables applicants to track and monitor the progress of their application.

    SEQRA has long been a thorn in the side of developers and a large risk for investors involved with the projects. Time and time again, projects with no negative impact on the environment have been delayed indefinitely because of administrative delays, costing valuable time and money. Those projects which do have an environmental impact are met with not only these administrative delays but also with endless hearings and Article 78 proceedings, causing developers to look elsewhere for their projects. While more incentives and reforms are needed to keep these projects moving on Long Island, streamlining and modernizing the SEQRA process will surely go a long way to helping critical projects move forward in the region.

    Joe Campolo is the founder and CEO of Strata Alliance, and founder and chairman of the Strata Foundation. He also serves as managing partner of Campolo, Middleton & McCormick, LLP—all of which are based in Ronkonkoma.


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  • David Westermann Jr. joins Cullen and Dykman as partner | Long Island Business News

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    THE BLUEPRINT:

    • David Westermann, Jr., joins as a partner.

    • Brings 44 years of experience in construction and surety litigation.

    • Has led projects exceeding $1 billion.

    • Licensed in New York, handling public and private construction disputes across North America.

    David Westermann, Jr., has joined Cullen and Dykman, a law firm with offices in Uniondale, as a partner in its Department. Westermann brings more than 40 years of experience in construction and across North America.

    Westermann focuses on construction, development and surety litigation for public and private projects. Over his 44-year career, he has represented owners, developers, construction managers and consultants in contract negotiation, claim management, mediation, arbitration and litigation in state, federal, and agency courts.

    “David’s extensive experience and proven record in construction and surety matters deepen our firm’s capabilities in one of our most strategically important practice areas,” Christopher Palmer, managing partner of Cullen and Dykman, said in a news release about Westermann joining the firm.

    “His reputation and ability to navigate complex disputes on projects exceeding billions in value makes him an invaluable asset to our clients,” Palmer said.

    “I’m truly delighted to be joining a team of highly accomplished construction lawyers who share a deep commitment to integrity, collaboration and client success,” Westermann said in the news release.

    “This new chapter offers an exciting opportunity to broaden the ways we serve and support our clients’ evolving needs,” Westermann added.

    Several of Westermann’s projects have exceeded $1 billion. He has served as lead construction counsel on public infrastructures such as prisons, bridges and rail facilities, as well as private developments including The . His work spans New York, New Jersey, Delaware, Missouri, Texas, Florida, Pennsylvania and Ontario.

    Westermann earned his J.D. from Washington and Lee University School of Law and his A.B. from Columbia College, Columbia University. He is admitted to practice in New York.


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    Adina Genn

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  • David Westermann Jr. joins Cullen and Dykman as partner | Long Island Business News

    [ad_1]

    THE BLUEPRINT:

    • David Westermann, Jr., joins as a partner.

    • Brings 44 years of experience in construction and surety litigation.

    • Has led projects exceeding $1 billion.

    • Licensed in New York, handling public and private construction disputes across North America.

    David Westermann, Jr., has joined Cullen and Dykman, a law firm with offices in Uniondale, as a partner in its Department. Westermann brings more than 40 years of experience in construction and across North America.

    Westermann focuses on construction, development and surety litigation for public and private projects. Over his 44-year career, he has represented owners, developers, construction managers and consultants in contract negotiation, claim management, mediation, arbitration and litigation in state, federal, and agency courts.

    “David’s extensive experience and proven record in construction and surety matters deepen our firm’s capabilities in one of our most strategically important practice areas,” Christopher Palmer, managing partner of Cullen and Dykman, said in a news release about Westermann joining the firm.

    “His reputation and ability to navigate complex disputes on projects exceeding billions in value makes him an invaluable asset to our clients,” Palmer said.

    “I’m truly delighted to be joining a team of highly accomplished construction lawyers who share a deep commitment to integrity, collaboration and client success,” Westermann said in the news release.

    “This new chapter offers an exciting opportunity to broaden the ways we serve and support our clients’ evolving needs,” Westermann added.

    Several of Westermann’s projects have exceeded $1 billion. He has served as lead construction counsel on public infrastructures such as prisons, bridges and rail facilities, as well as private developments including The . His work spans New York, New Jersey, Delaware, Missouri, Texas, Florida, Pennsylvania and Ontario.

    Westermann earned his J.D. from Washington and Lee University School of Law and his A.B. from Columbia College, Columbia University. He is admitted to practice in New York.


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    Adina Genn

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  • The Democrats’ Most Surprising Southern Foothold

    The Democrats’ Most Surprising Southern Foothold

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    The GOP controls nearly everything in Kentucky, a state that Donald Trump carried by 26 points in 2020. Republicans hold both U.S. Senate seats and five of Kentucky’s six House seats; they dominate both chambers of the state legislature.

    What Republicans don’t occupy is Kentucky’s most powerful post. The state’s governor is Andy Beshear, a Democrat elected in 2019 who is hoping to win a second term tomorrow. Operatives in both parties think he might, but the governor’s in a close race with his Republican opponent, Daniel Cameron, the state’s 37-year-old attorney general. Whether Beshear can stave him off will determine if Democrats maintain one of their most surprising footholds in southern politics.

    Beshear, 45, owes his success in a deep-red state to a combination of competent governance, political good fortune, and family lineage. His father, Steve, was a popular two-term governor who governed as a moderate and won the admiration of fellow Democrats for implementing the Affordable Care Act in the face of conservative opposition. The Republican governor whom Andy Beshear defeated in 2019, Matt Bevin, was widely disliked, even by many in his own party. Soon after taking office, Beshear earned praise for his steady leadership during the coronavirus pandemic and then later in his tenure during a series of natural catastrophes—deadly tornadoes, historic flooding, and ice storms. The crises have made the governor a near-constant presence on local news in the state, where allies and opponents alike usually refer to him by his first name. “I joke that Andy Beshear has 150 percent name ID” in Kentucky, Representative Morgan McGarvey, the lone Democrat in the state’s congressional delegation, told me. “It’s because everybody knows who he is. And they actually know him.”

    Major economic-development and infrastructure projects have also boosted the governor’s reelection bid—Beshear has taken advantage of billions in federal dollars that have flowed to Kentucky from legislation signed by President Joe Biden and backed by the state’s most powerful Republican, Senator Mitch McConnell.

    Cameron is a onetime McConnell protégé who would be the state’s first Black governor if elected. In the campaign’s closing weeks, Cameron has touted an endorsement by Trump and tried to tie Beshear to Biden, who is deeply unpopular in Kentucky. The governor has endorsed Biden’s reelection, though he’s generally kept his distance from the president. At the start of one debate, Beshear, who had recently signed legislation legalizing sports gambling, “wagered” that Cameron would mention Biden’s name at least 16 times in their hour together onstage. Cameron was either unfazed or unable to improvise: He mentioned Biden’s name four times in the next 90 seconds.

    Nationalizing the governor’s race is probably Cameron’s smartest bet in a state like Kentucky. But even Republicans concede that Beshear has done a good job of building a distinct brand during the past four years. “He ended up being able to operate in some nonideological arenas—the tornadoes, the floods, even COVID while it was going on,” Scott Jennings, a Republican consultant in Kentucky, told me. As they did for governors in most states, televised briefings during the pandemic allowed Beshear to connect with his constituents on a daily basis for weeks. The dynamic generally helped Republican leaders in blue states, such as Phil Scott in Vermont, and vice versa in Kentucky. “Anytime you come into people’s lives like that every day during an unusual situation, it does have an impact,” Jennings said. “You seem more familiar than the average politician that you see every now and again.” Since the beginning of 2020, just one governor—Democrat Steve Sisolak in Nevada—has lost a reelection bid.

    Beshear has benefitted from incumbency in other ways as well. He’s raised and spent far more money than Cameron, which allows him to blanket the state in ads both positive and negative. He’s used ribbon cuttings and groundbreakings to tout job-creating projects. In September, Beshear placed the state’s first legal sports bet at the Churchill Downs Racetrack, a launch that was timed explicitly for the start of football season and implicitly for the start of his reelection campaign.

    Among the issues Beshear has prioritized is abortion, a departure for a Democrat in a culturally conservative southern state. The procedure has been illegal in Kentucky since the overturning of Roe v. Wade triggered a statewide ban. But Democrats sensed a political opening last year after Kentucky voters rejected an amendment that would have stipulated that the state constitution did not protect abortion rights. The vote suggested that in Kentucky, as in other red states, such as Kansas, abortion rights have bipartisan support. “It’s a huge advantage for Andy,” former Representative John Yarmuth, a Democrat who served for eight terms in the House before retiring last year, told me. “It has become a voting issue for the pro-choice side. It generates turnout and it moves some voters.”

    One of Beshear’s TV ads features a woman who was raped by her stepfather at age 12 and who criticizes Cameron for his support of Kentucky’s abortion ban, which contains no exceptions for rape or incest. “I’m speaking out because women and girls need to have options. Daniel Cameron would give us none,” the woman says. After the ad began running, Cameron said that if the legislature presented him with a bill adding exceptions to the state’s abortion ban, he would sign it.

    For Cameron, the Republican who has the best chance of winning him votes is Trump. The former president released a recorded endorsement last week, but he has not come to Kentucky to campaign for the attorney general. “We would accept any and all visitors to help get the vote out,” Sean Southard, a spokesperson for Cameron, told me when I asked whether the campaign had wanted a Trump rally.

    What role, if any, race might play in the outcome is also a question mark. Cameron denounced a pair of ads by the Beshear-backing Black Voters Matter Action PAC that refer to him as “Uncle Daniel Cameron” and place his image alongside that of Samuel L. Jackson’s character from Django Unchained. “All skinfolk ain’t kinfolk,” a narrator says in a radio ad, urging a vote for Beshear, who is white.

    To Republicans, Beshear is something of an accidental governor. After winning his race for attorney general in 2015 by slightly more than 2,000 votes, he defeated Bevin four years later by a margin nearly as minuscule (about 5,000 votes). The GOP-controlled legislature drives policy and can override his veto with a simple majority. “The Republican supermajorities have essentially stuffed him in a locker,” Jennings said. But, he argued, their dominance ultimately helps Beshear politically because they’ve prevented him from building a record to the left of where Kentucky voters want to go. “If left to his own devices, he’d be far more liberal on policy,” Jennings said. “In some ways, they save him from himself.”

    As entrenched as they are in Kentucky’s legislature and congressional delegation, Republicans have struggled to win, and keep, the governorship. They’ve held the top job for just three four-year terms in the past eight decades, and both of their recent winners, Bevin and Ernie Fletcher, lost bids for reelection (each time to a Beshear). “What’s clear is that people view the governor differently,” McGarvey told me.

    Both Republicans and Democrats I spoke with told me that they believed the GOP’s strength throughout the state would eventually extend to the governor’s office. Whether that happens tomorrow or in another four years is less clear. Private polls show Beshear with a small but not insurmountable lead, according to operatives in both parties who described them on the condition of anonymity. Public surveys have been limited, but they show a tightening race as well. Democrats close to the Beshear campaign told me that although they felt good about the race, a Cameron victory would not surprise them given the GOP’s overall advantage.

    Yarmuth was a bit more confident. Sensing a lack of enthusiasm on the Republican side, he held out hope for a more convincing Beshear win that might even help Democrats in down-ballot races. But he, too, was skeptical that Democrats would be able to maintain their unlikely grip on Kentucky’s governorship much longer. “I would bet,” the former representative told me, “that it’ll be hard for a Democrat past Andy.”

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    Russell Berman

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  • Post-merger balance sheet to enable HDFC Bank to invest more in infra

    Post-merger balance sheet to enable HDFC Bank to invest more in infra

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    The merger of parent HDFC with HDFC Bank will allow the larger merged entity invest more in infrastructure and mortgage projects, MD and CEO Sashidhar Jagdishan said in the bank’s annual report for FY23.

    He said, “A bigger balance sheet post-merger will enable HDFC Bank to take a larger exposure in infrastructure projects. This means we can participate more meaningfully in India’s growth story and contribute to nation-building. In light of all this, the pace at which we aim to grow – we could be creating a new HDFC Bank every 4 years”.

    Lifelong bond

    Saying that the merger perhaps could not have been timed better, Jagdishan said that the emotion linked to home buying gets transferred to the home loan service provider and helps build lifelong bonds with customers. Further, only 2 per cent of HDFC Bank’s customers currently source their loans from the bank while 5 per cent take it from other institutions, which in “itself is a huge opportunity”.

    HDFC Bank will build these customer relationships by offering a bouquet of the bank’s and subsidiaries’ products and services across saving and current accounts, personal loans, insurance, investments and home loans.

    “A compelling value proposition to the customer, that probably does not exist in the market at the scale at which this is envisaged. Going forward this is clearly going to be a game changer,” he said.

    Growth engines for the bank will be corporate banking, commercial (MSME) and rural banking, government and institutional business, wealth management, and retail assets and payments, Jagdishan said, adding that the bank is currently the largest SME bank in the country.

    Digital transformation

    Focus will be on digital transformation through new platforms and customer experiences, and more efficiency by reinforcing core technologies with enhanced performance and resilience at scale.

    While the bank has seen a significant improvement in resilience and uptime (basis both internal and external public sources) metrics, it is “not perfect”, Jagdishan said, adding that the bank will continue to strengthen its core IT infrastructure.

    In the last few years, HDFC Bank has often faced flak for it customer-servicing technology issues and frequent tech outages, prompting RBI to temporarily bar the bank from issuing new credit cards and launching digital products in FY21. The curbs on credit cards were lifted eight months later and those on new digital launches over a year later.

    “This journey has to be accelerated every year. More remains to be done and I am fully committed to improving our customer centricity further,” he said.

    The bank will look to add 1,500-2,000 branches in FY24, of which 675 will be in semi-urban and rural (SURU) locations. In FY23, the bank added a record 1,479 branches, a majority of which were SURU branches.

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