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Thursday, September 30, 2010
The Circling Sharks
With the sale of Stuyvesant Town and Peter Cooper Village coming up next week, there are a few things to keep in mind:
- The companies that will be bidding on this property want to make a very nice, sustained long-term profit. A very nice one, indeed. They are looking to the future and to the massive amount of real estate space that comprises ST/PCV.
- They are not interested in the tenants here. The tenants are, in fact, an annoyance and a hindrance to their plans for this complex.
- They still have to deal with tenants and the politicians that represent the tenants. So they will white lie and black lie.
- Because of the way matters currently stand, they will be forced to make accommodations with both tenants and politicians.
- There should be suspicion about their eagerness to go along with the idea of a condo or co-op conversion for ST/PCV.
- Whatever company or conglomerate of companies wins this complex, they will have secret plans that we will not see, but which may be revealed in the long term, once it's too late.
- This company or conglomerate will offer up to tenants the same smooth talk, b.s. nonsense that Tishman Speyer offered up when they took over ST/PCV. Check Rob Speyer's statement on the right side of this blog to remind yourself. Try not to laugh...or cry...when you read it. [May the spittle running down Rob Speyer's lengthy chin increase in volume and size year after year for the destruction he initiated upon ST/PCV.]
- One wonders how all this activity, on the part of the future owner(s) and the tenants association that's seeking a condo/co-op plan, is diverting, if not destroying, the cause of affordable housing and rent stabilization in this complex and the toughening of tenant rights in the future. What happens here, in Stuyvesant Town and Peter Cooper Village, may be crucial to the history of middle class housing in Manhattan. A wrong step, or several wrong steps, means affordable housing in Manhattan will be gone forever.