---
title: "Construction Costs in New York City Driven by Insurance and Other Factors"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/277259440.md"
description: "New York City's construction costs are significantly influenced by insurance, prompting industry leaders to call for reforms. Elizabeth Crowley of the Building Trades Employers' Association and Michael Capasso of CAC Industries discussed these rising costs on the Odd Lots podcast, emphasizing the need for changes to reduce the financial burden on construction companies and promote sustainable practices in the industry."
datetime: "2026-02-27T23:00:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277259440.md)
  - [en](https://longbridge.com/en/news/277259440.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277259440.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/277259440.md) | [繁體中文](https://longbridge.com/zh-HK/news/277259440.md)


# Construction Costs in New York City Driven by Insurance and Other Factors

New York City is known for its high construction costs, with insurance being a significant factor contributing to these expenses. Bloomberg posted on X that industry leaders are calling for reforms to address these rising costs. Elizabeth Crowley, president and CEO of the Building Trades Employers' Association (BTEA), and Michael Capasso, president and CEO of CAC Industries, discussed the issue on a recent episode of the Odd Lots podcast. They highlighted how insurance, among other elements, is impacting the financial landscape of construction projects in the city. The conversation emphasized the urgent need for changes to alleviate the financial burden on construction companies and promote more sustainable practices in the industry.

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