Construction Workers on NYC’s Public Projects Make Up To 177% More Than Private Industry Counterparts

New York City’s infrastructure crisis stems from many issues, but one of the biggest problems in maintaining and expanding the city’s arteries are construction costs, which have ballooned into a stratosphere of unknown numbers and complete non-transparency on the part of city agencies. But now YIMBY has obtained data showing that salaries are up to 177% higher for unionized employees of contractors performing public works projects and building service work for government agencies than the prevailing wages of their respective private industry counterparts.

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200 Greenwich Street

21st Century Fox, News Corp. Close to Signing Leases at Two World Trade Center

News Corp. and 21st Century Fox have signed a letter of intent to lease a combined 1.3 million square feet at Larry Silverstein’s planned 2 World Trade Center, located at 200 Greenwich Street, in the Financial District, according to the New York Post. A deal has yet to be finalized, but the move would jump-start construction of the 2.8 million square-foot, 80-plus-story tower, which is being redesigned by Bjarke Ingels Group.