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Valuetainment

"Playing With Fire" - Mayor Eric Adams WARNS NYC Permits Crisis Could Spark DISASTER

Valuetainment

Valuetainment Episodes

Business

4.81.7K Ratings

🗓️ 15 July 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Mayor Eric Adams responds to criticism over NYC’s broken permitting system, aging infrastructure, and slow construction timelines. He outlines reforms to speed up approvals, modernize government processes, and reduce bureaucratic delays while comparing NYC to faster-growing cities like Houston.

Transcript

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0:00.0

permits. When you look at real estate, okay, and you go to roads. And one thing when you're driving

0:07.6

around New York, there's a lot of unfinished projects that are kind of sitting around. And when you look

0:13.9

at why, like right now, California, it's a worst time to be Newsom, you know, no matter how much

0:18.8

he tries to spin it, what he's going through in his state,

0:21.2

with all the stuff that's going on with the Palisades, what happened, Malibu, you know,

0:26.3

out of all the homes that went through it, I think only six have been rebuilt, and only 14% have

0:33.4

permits to start rebuilding. So think about the permit issue that's taking place in California.

0:38.5

You got it as well. When you look at New York City, and I wonder how much of it is you can

0:43.2

do something about, or it's got to be a governor, like a bigger position than you. The number of

0:48.8

highways, over 60% of the highways, were built after 1970 in New York City.

0:57.5

They're built past their expected lifespan, most of these.

1:02.6

So when they build it, like, this is good to be for 40 years, 50 years, but you guys are

1:08.2

kind of playing with fire right now, right?

1:10.7

The Department of Transportation says over 200 city bridges are structurally deficient

1:15.6

as of 2024, okay?

1:18.0

The Brooklyn Queen Expressway being one of them, you know, some of these other ones.

1:21.4

Then I said, I'm curious, the average highway compared to other cities.

1:25.7

In New York City, it's 60 to 80 years, the average age.

1:29.7

L.A. is 40 to 60 years. Houston is 30 to 50 years. Chicago is 50 to 7 years. You have the oldest.

1:36.0

And when you look at these numbers, like the oldest of the oldest. Then when you go to the cost,

1:41.1

okay, slowest and the most expensive construction timelines in the world. It takes

1:46.3

two to four years compared to some other places, you know, six to 12 months, 12 to 18 months.

...

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