WORLD WORLDWIDE US USA - New York NY - New York City NYC - THE CITY - Early voting starts tomorrow

 

Dear New Yorkers,

They haven’t come close to fulfilling Gov. Kathy Hochul’s goal of helping 150 people victimized by the state’s old, racially biased drug laws enter the legal cannabis business. In fact, some people they’ve assisted fear their dispensary dreams are collapsing.

But the three managers of a public-private loan fund established to carry out the social mission of New York’s sweeping cannabis legalization program are doing just fine.

Records obtained by THE CITY show that they earned $1.7 million over the most recently tallied 12-month period, and stand to make millions more in years to come.

In other words: They’re profiting even though the New York Cannabis Social Equity Investment Fund has faced charges of predatory lending, secrecy and mission failure.

By a conservative estimate computed by THE CITY, the managers’ longterm haul could easily come to $15 million over a decade.

Read more here about the fund managers profiting from New York State’s disastrous cannabis rollout.

Weather ☀️

Bright and sunny with highs in the low 60s.

MTA 🚇

No A train between Broad Channel and Far Rockaway this weekend, and lots more. Find the latest delays and planned changes here.

Alternate side parking 🚙

It’s suspended today, Oct. 25, for Simchat Torah.

Our Other Top Stories

Reminder! Early voting begins tomorrow in New York and runs through Sunday, Nov. 3. Election Day is Nov. 5. And it’s not just the presidential race that voters should pay attention to. THE CITY has put together guides with everything New York City voters need to know — from close races to watch for state-level seats, to one competitive judicial race, to the six ballot measures that New Yorkers will weigh in on.  The city’s two juvenile centers are overwhelmed, according to a report released yesterday by the Department of Investigation. The report said that a 2017 measure that brought 16- and 17-year-olds into the juvenile justice system — rather than the adult system — had made the centers overcrowded and more violent. But the city’s child welfare agency said the report doesn’t reflect the “current improved status,” citing increased supportive programming and restorative work with youth. The New York Liberty celebrated their WNBA championship at a ticker-tape parade in Lower Manhattan yesterday, and fans young and old turned out to cheer. “It’s really cool to see that girls just like us who used to watch the WNBA and cheer on and wish to be there, end up going there,” Drew Moore, 12, told THE CITY. See photos of the celebration here.

SPONSORED How Chase is Uplifting Bed-Stuy’s Economy   Last month, JPMorganChase opened its newest Community Center Branch in Bed-Stuy, Brooklyn. Its third Community Center Branch in New York City, the new Chase location features a team of dedicated experts committed to sharing financial health education, mentoring small businesses, and uplifting community partners. In other words, this isn’t your father’s bank branch. Learn more about how JPMorganChase is building a more equitable economy in Brooklyn.   Read more

Things To Do

Here’s what’s going on around the city this week.

Friday, Oct. 25: An outdoor watch party of Game 1 of the World Series, with the Yankees facing the Dodgers in Los Angeles. Free at 8 p.m. at the Museum of the City of New York. (Drinks by the museum’s bar and bites by La Fonda NYC are available for sale.) Saturday, Oct. 26: A Halloween Harvest Festival with family-friendly workshops, a community resource fair and a dog costume contest. Free from 12 to 4 p.m. at Socrates Sculpture Park in Queens. Saturday, Oct. 26: Celebrate “City of Forest Day” with an outdoor sound bath inspired by New York’s urban forests. Free from 4 to 5 p.m. at the Little Red Lighthouse in Manhattan.

THE KICKER: It might have felt like summer this week, but peak foliage has already arrived in parts of the city! Here’s a tracker of which parts of Central Park currently have the most colorful leaves.

Thanks, as always, for reading. Make it a great Friday.

Love,

THE CITY

PS. Love THE CITY? Our nonprofit newsroom runs on support from readers like you. Donate here.

Want to view Scoop in your web browser? Click here.

THE CITY's work is made possible, in part, through the support of our sponsors. Interested in becoming a sponsor of THE CITY? Contact us here.  Copyright © 2024 THE CITY, All rights reserved.