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June 8, 2005
Placating Displaced Tenants with Lure of Gehry
The Daily News is reporting today that Bruce Ratner is preparing to offer those tenants living on the site of his future sports complex a deal that will be difficult to pass up:
Ratner will offer all displaced tenants new apartments in one of his soaring Frank Gehry-designed towers for the same rent they now pay. Ratner also will pay for tenants to move to a new apartment nearby and subsidize their rent until they move back...He now owns 60 of the 97 rental apartments on the site along with more than 90% of the condos and coops. Ratner is negotiating with tenants in 22 apartments of the 60 he owns; 25 of the 60 are empty. Residents not interested in moving into the new high-rise complex will be offered cash. A Ratner spokesman declined to say how much.
Ratner Sweetens the Deal [NY Daily News]
Comments
I didnt see any news coverage of the demonstration/march across bridge to city hall that was supposed to take place yesterday.
Wondered how big it was.
And BTW - generally I favor the development as
I believe logical place for high rise/density/public use in NYC although I don't know much about details or the public subidies involved.
Posted by: Anonymous at June 8, 2005 10:03 AM
There are photos and comments posted on Dailyheights.com in the message forum about the march
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