POWER CORNER B.J. Jones preps Battery Park City for the climate change era PAGE 7
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NOVEMBER 28, 2022
THE LIST LARGEST PRIVATELY HELD COMPANIES SPOTLIGHT
#62
The bottom line is improving for two of the city’s largest—and bestknown—privately held companies
BUCK ENNIS
$11.9B #2 BLOOMBERG LP
NEW YORK METS
$11B #3 STANDARD INDUSTRIES
#93
BUCK ENNIS
ALAMY
BUCK ENNIS
BUCK ENNIS
#1 HEARST
$10B
See how companies fared in a challenging year PAGE 10
Yankees and Mets draw fewer fans, but revenues rise
NEW YORK YANKEES
The top companies
HOTEL DRAMA Sale of Murray Hill inn for veterans hits a snag
BY AARON ELSTEIN
O
n Nov. 19 Aaron Judge posted a 2022 highlight reel on his Instagram page to the tune of “I’m King of New York.” Fans saw the post as a sure sign the reigning American League Most Valuable Player and home run record–holder would be returning to the Yankees. Foes preferred to see it as a farewell note. This much is certain: Wherever Judge calls home next year, his uniform is likely to look different. That’s because the collective-bargaining agreement reached in the spring between players and team owners introduces two new sources of advertising revenue as early as next season: jersey and helmet decals. The additional sponsorship money is one reason Forbes estimates the Yankees are the first baseball team to be worth $6 billion. The Mets are pegged at $2.7 billion. Forbes estimates tend toward the conservative side, but if they’re in the ballpark, it means that since George Steinbrenner See TEAMS on page 20
RETAIL
State takes major steps in cannabis marketplace launch BY EDDIE SMALL
N
ew York has taken two major steps forward in its legal marijuana rollout, awarding licenses to the first group of retailers and selecting teams of construction and architecture firms that will build and design the dispensaries.
NEWSPAPER
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The state has so far approved 36 people and organizations, including several based in the city, to be its initial recreational marijuana retailers. The Office of Cannabis Management awarded the conditional adult-use retail dispensary licenses at its Nov. 21 control board meeting to eight nonprofits and 28 people who have been involved with the
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criminal justice system, in accordance with the state's goal of helping individuals who were harmed by marijuana’s criminalization benefit from its legalization. Cannabis Control Board Chair Tremaine Wright stressed in a statement that this was “just the start” for New York’s legal weed business, and the state “will contin-
GOTHAM GIG
SHOWING KIDS WHAT GOES ON BEHIND THE SCENES PAGE 23
ue to work to build an industry that is open to anyone who wants to participate.” The selected licensees include 13 people or groups based in the city— three in the Bronx, four in Queens, four in Manhattan and two on Staten Island—as well as several citybased nonprofits, including Housing Works, The Doe Fund and LIFE
Camp. The board also awarded licenses to four firms in the Capital Region, two in the Southern Tier, one in the Mohawk Valley, seven on Long Island and one in the North Country. Individuals selected for the licenses needed to have experience See CANNABIS on page 22
RESIDENTIAL SPOTLIGHT
Investment banker lists Central Park pad PAGE 4
11/23/22 1:46 PM