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News and Updates

10.02.17 - A Good Day for ESPN After Disney Reaches Altice Agreement

"Score one, finally, for ESPN."

"After a long run of negative headlines, ESPN drew cheers from Wall Street on Monday with a tentative contract agreement between ESPN’s corporate owner, the Walt Disney Company, and Altice USA, which provides cable service to roughly three million homes in the New York City suburbs. Once the multiyear contract is made final, Altice will pay more to carry ESPN and other Disney-owned networks, including ABC, despite declines in their ratings."

Read the full New York Times article here

9.26.17 - Bistricer to Rockpoint: The new Starrett City deal is a far cry from what might have been

"Just 10 years ago, the largest federally subsidized housing development in the U.S. almost went market-rate."

"At the height of the boom in 2007, with the owners planning to exit the Mitchell-Lama program, David Bistricer made a whopping $1.3 billion bid for Starrett City, the hulking 5,881-unit complex that straddles Canarsie and East New York. But the deal faced intense opposition from government officials and the community, and federal regulators ultimately blocked it."

Read the full Real Deal article here

9.25.17 - Catskills casino nears completion ahead of March opening

"Construction of the state’s fourth non-tribal commercial casino was 73 percent complete by the end of August, the Gaming Commission disclosed today at its monthly meeting."

"The sprawling facility, now named Resorts World Catskills, is scheduled to open in the village of Monticello in March, a little over a year after del Lago Resort & Casino in the Finger Lakes and Schenectady’s Rivers Casino & Resort opened. A third casino, Tioga Downs, expanded from a Southern Tier racino to a full Vegas-style casino last December."

Read the full POLITICO New York article here (subscription required)

9.21.17 - Elon Musk’s Solar Partnership Strategy Doesn’t Look So Crazy Anymore

"Elon Musk took a lot of heat last year when his Tesla Inc. bought solar-panel installer SolarCity for $2 billion. The synergies between his two companies didn’t seem immediately obvious, among other issues, critics said."

"But now other solar installers are looking to partner with companies as they wrestle with a market that is shrinking after 16 years of rapid growth. Their longtime sales model -- knocking on doors, cold calling at home, setting up mall kiosks -- has proven to be costly. Far more effective to use the umbrella of bigger established companies to find customers, they’ve decided."

Read the full Bloomberg article here

9.11.17 - A Way to Get Great Teachers Into the Classroom

"When schools reopened in New York last week, students were greeted by teachers who had spent the summer preparing for their return. Unfortunately, many of those teachers had had to devote some of their time not to lesson plans, but to a state teacher-certification process that emphasizes bureaucratic procedures more than real-world qualifications."

"So as a teacher who recently had to jump through the New York certification hoops, I was pleased to learn that the State University of New York Charter Schools Institute, which authorizes charter operators, is considering allowing charter schools to certify their teachers themselves. The comment period for the proposal closes on Monday, and the institute could approve it as early as next month."

Read the full New York Times article here

8.29.17 - Tesla, Farmingdale State to announce student job training plan

"Representatives from luxury electric carmaker Tesla Inc. and officials at Farmingdale State College are expected Tuesday to announce a new collaboration to create training and career opportunities for automotive technology graduates on Long Island."

"The public-private agreement would provide internships to students nearing graduation from Farmingdale’s two-year technical program or the four-year automotive management program."

“Great jobs in automotive technology and sustainable transportation do exist on Long Island, we just need more of them,” Farmingdale State College President John S. Nader said in a statement Monday. “By offering our students internships that have a high likelihood of leading to rewarding careers, Tesla is closing this loop.”

Read the full Newsday article here (subscription required)

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