POWER CORNER Tom Grech on Queens’ flourishing entrepreneurial spirit
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SPOTLIGHT Giant cookie maker Levain is picky about where it sets up shop PAGE 47
CRAINSNEWYORK.COM
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NOVEMBER 14, 2022
HOCHUL WINS: NOW WHAT?
ANALYSIS
Both left and right see opportunity for leverage
★ GOP GAINS: Several toss-up congressional districts went to Republicans (see page 16). Note: At press time, Brandon Williams (R) leads Francis Conole (D) in NY-22, though the race has not been officially called.
BY EDDIE SMALL AND NATALIE SACHMECHI
A
ture, still dominated by Democrats but shed of a few liberals and moderates, will be seated, and everyone will be free (briefly) to maneuver without the threat of an upcoming election. For both the left and the right, the outcome offers an opportunity for leverage. Conservatives overall are crowing after Zeldin won 47% of the vote and ran up large margins on Long Island. He made significant inroads into the
lthough a Democrat will continue to occupy the New York governor’s mansion following the Nov. 8 election, real estate players say the increased share of voters in the state who cast their ballot for the Republican candidate is telling, and they hope it signifies the arrival of more moderate policies for their industry. Gov. Kathy Hochul bested Rep. Lee Zeldin last Tuesday, securing a full four-year term of her own after replacing former Gov. Andrew Cuomo last year and defying predictions of a Republican upset. She will continue to preside over a Legislature that the real estate industry has viewed with increasing frustration in recent years due to factors including the restrictive 2019 rent law and the recent loss of an affordable housing tax break.
See LEVERAGE on page 46
See HOPES on page 46
BY ROSS BARKAN
K
athy Hochul won’t be able to breathe a sigh of relief for very long. In two short months, another legislative session begins, and both the left and the right will feel equally entitled to their pound of flesh from the newly elected governor. Left-leaning Democrats believe they made the difference in dragging Hochul to her narrow victory over Lee Zeldin, a Republican congressman. Moderates and conservatives, meanwhile, believe the congressman’s strong showing is proof the state must shift rightward. In Albany, pandemic politics no longer dominate—there will be no talk of masks in schools or business shutdowns—and Hochul will arrive, for the first time, as an elected governor. A new Legisla-
NEWSPAPER
VOL. 38, NO. 40
Real estate has high hopes for moderate policies
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CHASING GIANTS
MOBILE HOTEL SUITES MAKE LUXE TRAVEL CHEAPER PAGE 3
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GETTY IMAGES
★ ★ ★ POLITICS ★ ★ ★