Newsday from New York, New York • 60

RMMCR'S LEADING LEATHER MARBLE SPECIALIST 25-40 OFF 1ST PRICE TODAV THRU MONDAV ORIGINAL EKORNES FULL GRAIN LEATHER CHAIR OTTOMAN LATEST CONTEMPORARV FASHION AND ETTRAORDINARV ORTHOPEDIC SUPER-COMFORT DESIGN BIGGEST SELECTION MOTION CHAIRS 295- 1095 1ST 450 Ur" 82 CLASSIC SOFA 1195 UST PRICE $1750 30 DESIGNER COLORS CHAIR OTTOMAN 1095 1ST PRICE $1450 i Panel Says Biotech Base Needs Boosters By Michael Unger STAFF WRITER To enable New York City to compete more effectively in attracting federal state and private research dollars a blue-ribbon panel earlier this week recommended creation of a permanent commission to coordinate the efforts of business academia and government to pump up the city's biotechnology and biomedical base have indications from all the academic institutions they will support said Dr John Rowe president of Mount Sinai Medical Center and its medical school who chaired the panel leadership of the academic centers has agreed and we are in active discussions with state and city government officials and the Port Authority of New York and New Rowe said A permanent council among the major hospitals and medical schools is one of several proposals in the final report of the Commission on Biomedical Research and Development sponsored by the New York Academy of Medicine and several private foundations Other recommendations include creating a fund to attract top biomedical researchers to New York City and beefing up clinical research opportunities at the hospitals and medical schools leaders of the biomedical research establishment in New York City are now focusing on rapid commercialization of their basic medical technologies and we support their efforts to make it said Jack Huttner director of the New York Biotechnology Association City Council Finance Committee chairman Herb Berman of Brooklyn believes the city must act fast to stem the flight of city biotech firms to Long Island New Jersey and other parts of the metropolitan region they get the space when they need it got to go Berman said city has to make a The Economic Development Corp this week published requests for proposals from developers to convert buildings into so-called space for small biotechnology startup firms similar to Columbia Audubon Ballroom biotechnology incubator now under construction near Columbia-Presbyterian Hospital New city incentives include guarantees for construction Loans some property tax abatement and other financial incentives The Rowe commission report found that New York City has the the lowest growth rate in obtaining federal fluids from the National Institutes of Health among the leading centers of biomedical research New York City once in first place has been supplanted by the Boston San Francisco Bay and other areas For every $100 million of lost funding in biomedical research through slow growth the report found the region loees the equivalent of jobs EXCLUSIVE LODGE SOFA 1450 30 DESGNER COLORS UST PRICE $1995 CHAIR OTTOMAN 399 UST PIKE S58S RICH SUPPLE ITRURN LEATHER 1 50 EXOTIC COLORS Banks Sell Trump Debt DONALD from Preceding Page 6XCLUSIVC LEATHER-IN-MOTION SeCTIONRL SOFRS leRTHeR CHRIRS OUTLT PRICES THE WORLDS GREATEST LEATHEA STORE I Street to 72nd Street along the Hudson River The buildings would have a small amount of retail space to serve the new residents The entire project is to include 5600 apartments It is to be about half the size of earlier proposals to build a and which would have included television production facilities In the battle over the Grand Hyatt the Pritzkers who own half of the hotel contend that it needs a $35 7-million upgrade to stay competitive Trump who owns the other half considers the plan extravagant The Pritzkers have demanded that Trump contribute $178 million to the renovation When Trump refused the Pritzkers commenced an arbitration proceeding against him and he sued to stop it The appellate division of the New York State Supreme Court yesterday granted Trump a stay effectively stopping the effort according to Bloomberg Business News The Pritzkers were not available to say what their next move would be Last summer Trump sued the Pritzkers accusing them of siphoning tens of millions of dollars from the Grand Hyatt to force him to relinquish his stake in the boteLThat case has not been heard MARBLE TRBieS I I MANHATTAN UJCSTSURV UJOODMERC HUNTINGTON 880 EAST S4TH ST 818-7S9-959S 371 CXD COUNTRV RD 997-8080 980 RAXAOAO WE 89S-9300 M3 ROUTE 110 3S1-USS BETUJEEN 2ND 6 3RD AWES l8 Ml WEST Of FORTUNOflF IS MM MOM If Jl AtfVOAT OPP UJALT UIHITMAN MALL- OPEN MON TX 0:00 OPEN MON HU 9:00 OPEN MON IK 8:00 MON 0 PAL TK 9:00 ML STONES OPEN MON-SAT 10-6 SUN 11-5 AMEX MC VISA DISC.