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NY S09152
Bill
Status
8/17/2018
Primary Sponsor
Diane Savino
Click for details
AI Summary
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Amends General Business Law by adding section 209-h requiring a market and financial feasibility study before approving any application to construct a new hotel or motel in cities with populations over one million
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Study must analyze market demand, financial feasibility of the proposed project, and effects on the surrounding neighborhood
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Applicant must obtain and provide the study to the relevant municipal authority reviewing the hotel or motel construction application
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Takes effect immediately upon enactment
Legislative Description
Requires a market and financial feasibility study prior to approval of an application to construct a hotel or motel in a city with a population of over one million; requires such study to be provided to the municipal authority reviewing such application.
Last Action
REFERRED TO RULES
8/17/2018