Crains: Union labor for construction is far more expensive than originally estimated

From Crain’s New York Business:

IBO rechecks its data and says the added burden is a whopping 23%

Using union labor to build affordable housing under the mayor’s ambitious program will be almost twice as costly as previously estimated.

The bottom line: 23% more, or $4.2 billion, which works out to $80,000 per unit.

In January, the […]