Why Some Boards Are Choosing to Pay the Carbon Tax

Local Law 97 promises a greener city, but for many boards the math simply doesn't add up. Dan Wollman, CEO of Gumley Haft Management, unpacks the tension between environmental goals and the financial reality of running a building. Using a fifty-story condominium his firm manages, Wollman breaks down a multimillion-dollar window replacement against modest projected energy savings. He digs into who can afford to comply, who can't, and what that could mean for the future of buildings across the ...