Bayside Condo, Co-Op Owners To Discuss Effects Of NYC Climate Law

BAYSIDE, QUEENS — Condominium and co-op stakeholders in Bayside, Douglaston, and other neighborhoods are set to convene next week to discuss how a climate-friendly law will set stricter measures for buildings in New York City.

Building owners affected by Local Law 97, which sets a cap on carbon emissions per square foot, will meet on May 2 at the Bay Terrace Garden Jewish Center at 7 p.m. Council Member Vickie Paladino, Warren Schreiber, Bob Friedrich, and Geoffrey Mazel will speak at the event.

The event aims to inform condominium and co-op stakeholders about the penalties for buildings that fail to comply with the eco-friendly law starting next year.

In 2024, carbon caps will go into effect for the city's largest buildings and grow stricter to achieve a zero-emissions goal by 2049. Buildings that fail to comply with the law's carbon emission requirements will face hefty fines after reports are due in 2025.

Paladino has introduced legislation to delay Local Law 97 by seven years to give co-op, condo, and building owners time to comply with the law requirements. As many as 3,780 buildings could face financial penalties under the new law and face up to $213 million in fines, according to a study.

The council member has called the law "onerous" and expected to make life "unaffordable for nearly everyone."