Avi Schick, the president of the Empire State Development Corporation, is stepping down. [NY Times]

There are nearly one million buildings in New York City, and more than 4,200 currently under construction, and it falls on the Buildings Department to monitor them all. [NY Times]

The economy is rippling through the recreational sailing industry in a wave of boat foreclosures. [NY Times]

Home Depot profits dropped 66 percent in the first quarter of 2008, as consumers cut-down on renovations. [NY Times]

The Port Authority releases photos of steel rising above ground level at the World Trade Center site for the first time. [NY Post]

In Bronx neighborhoods hardest hit by the subprime mortgage crisis, foreclosures and "For Sale" signs are sending property values down on entire blocks. [NYDN]

NYC parks advocates criticized the plan for a new police station in Queens, calling it a "land grab." [NY Times]