A familiar story with the same violins playing in the background: A group of pioneering artists with under-market rents fighting the evil landlord who wants to maximize the profitability of his property. In this case, it’s a particularly colorful gang of circus performers and nonprofit publishers, many of whom will have to leave New York if they lose the court battle over whether they are protected by rent stabilization laws. As big a bummer as it is for them (and arguably for the fabric of the neighborhood), we can’t see why the landlord should have to subsidize these folks any longer. No one forced them to move here twenty years ago–they did so because it was the best deal they could find at the time. It’ll be interesting to see what the judge says.
The Good Life on South 11th Street [NY Times] GMAP P*Shark
Photo by justiNYC