This comes on the heels of the Amazon embarrassment
Governor Cuomo is clearly trying to prevent another Amazon-like debacle in the future… As part of the budget deal, he has reduced the power of the Public Authorities Control Board.
Dig Deeper: The law currently empowers the board to veto state actions on a project, which has killed many large scale developments in recent years (e.g. proposed stadium on the West Side).
Revised language: The revised law requires the board to vote based on if the project has enough ‘funding commitments, according to the WSJ. It also stresses that the Governor is permitted to remove a board member if he threatens to vote based on a different standard.