The suspension of spectator sports removes two critical revenue streams for the venue in Brooklyn, according to Moody's Investors Service.
Sports leagues have suspended their seasons. Organizers have canceled conferences. The coronavirus is starting to inflict economic damage as Americans hunker down to stop its spread.
Cities and states that rely on hotel taxes and tourism-related revenues will lose billions as events and attractions shutter to slow the spread of COVID-19.
Coronavirus is spreading in New York City. But when it comes to real estate, fear of contagion only slightly trumps fear of missing out on a deal.
The social and economic impact of the coronavirus, not necessarily Covid-19 itself, has homebuyers and sellers on edge and is changing the way Realtors do business.
Covid-19 and the economic fallout that has come with it are putting some homebuyers and sellers in the Twin Cities on edge.
Other Midwest legislatures are canceling sessions or weighing early spring breaks to slow the spread of COVID-19.
With a state budget deadline on the horizon, NY Gov. Andrew Cuomo is requesting revised revenue estimates that factor in the economic realities of fast-spreading virus.
The stock market plunge amid the COVID-19 pandemic increases the risk of a revenue shock for California and other states that depend on capital gains taxes.
Houston-area home sales experienced another double-digit gain in February as buyers came out in droves to take advantage of low mortgage rates.