New York’s real estate industry is abuzz with concerns over the anticipated campaign pick for former Gov. Andrew Cuomo’s mayoral bid. Kevin Elkins, the political director at the New York City District Council of Carpenters, is poised to play a pivotal role in the campaign, causing unease among industry insiders.
The Tension Between Labor and Real Estate
The friction between the carpenters union and the real estate sector is palpable, with the union’s aggressive stance on labor issues creating tension. This dynamic has been evident in various policy debates, including the recent 485-x tax break legislation in Albany, where the union’s influence clashed with developers’ interests.
Elkins’ Controversial Stance
Elkins hasn’t shied away from criticizing the Real Estate Board of New York (REBNY) on social media, highlighting ongoing disputes and advocating for labor rights. While Cuomo has strong ties to the building trades, Elkins’ reputation has raised concerns among some developers who fear a heightened rift between labor and real estate interests.
Industry Perspectives
Despite reservations about Elkins, industry insiders generally view Cuomo favorably in the mayoral race context. With Mayor Eric Adams facing challenges, Cuomo’s support for real estate growth resonates positively within the industry, positioning him as a viable candidate.
Stay tuned for more updates on this unfolding narrative as the campaign picks up pace.
