No, it's to actually ensure that they can afford the cost of these things by purchasing using an economy of scale. Thank you, Mr. Sleep. I'm the only one on this stage totally Opposed to Local 97. 100,000 Condo & Co op owners, their maintenance fees will go up, up 30%. They won't have enough reserve fees. You're going to see massive flight from the co ops and condos. Now they want to electrify everything. (1:23:03–1:23:10)
CLAIM
Asserts that Local Law 97 will increase maintenance fees for condo and co-op owners by 30%.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
