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Speaker Weprin: 'I want you to make $'.

"I want to you make money," New York State Assembly Speaker Saul Weprin assured a real estate industry crowd last week, gathered for a lively luncheon meeting.

Insisting he will strike a balance between preservation and development, Weprin said he wants to see the housing stock increased and improved and wants to put New Yorkers to work building those homes. "I think that's good public policy and I know that it's good business," he added.

The Associated Builders and Owners of Greater New York were treated to a supportive speech by the powerful Assemblyman at their luncheon held at the Mariott Marquis.

Speaker Weprin joked that while he has been in office only nine months, it has seemed like nine years. It has given him the ability, however, he said, to say he will re-look at everything.

"I'd rather work with you to develop laws that protect homebuyers and apartment renters without damaging home builders and building owners," he said. "I don't want to put up unnecessary road blocks or barriers."

Weprin was treated to a review of industry problems, including prohibitive water charges, a recycling update, NIMBY complaints and a recounting of escrow difficulties after the FDIC took over American Savings Bank made by his brother and ABO member, attorney Jack Weprin of Goldberg, Weprin & Ustin.

To a complaint about the constitutionality of rental laws made by Philip J. Rudd, ABO chairman, Weprin responded.

"One of my priorities is doing something about the red tape and the system that's been created both statewide and city wide. We will make changes I promise you that."

"We will do something that will be conductive to letting the real estate industry know that we want to work with you but not at the expense of tenants."

Weprin admitted, however, that there are some things the legislature would not be able to do, promising to "tell you and not kid you."

"At the same time there are many things we can do to make it easier to the real estate industry to survive and to make money and that is what we'd like to do and we'll certainly do it," he said.
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Title Annotation:New York State Assembly Speaker Saul Weprin addresses real estate industry professionals at meeting
Author:Weiss, Lois
Publication:Real Estate Weekly
Date:Oct 7, 1992
Words:359
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