TENANTS TO BID FOR STUYVESANT TOWN - PETER COOPER VILLAGE
Partnership with Brookfield Asset Management Aims To Keep Historic Community Affordable for Middle-Class
NEW YORK – The Stuyvesant Town-Peter Cooper Village Tenants Association will announce on Wednesday a partnership with Brookfield Asset Management to submit a tenant led-bid to purchase the storied development, protect current residents and permanently maintain the middle-class character of the historic Stuyvesant Town-Peter Cooper community.
The proposal from the Tenant Association and Brookfield Asset Management would allow tenants to buy their apartments at reasonable rates while protecting those who wish to remain as stabilized renters from harassment or eviction. The proposal would also aim to create a set of permanently affordable rental units with help from government sources, improve maintenance and upkeep across the development, and preserve the community’s existing open space.
Stuyvesant Town-Peter Cooper Village is home to more than 25,000 residents.
The tenants and leadership of Brookfield Asset Management will announce their partnership at a press conference at 16th and First Avenue at 11:00 a.m.
Who: The Stuyvesant Town-Peter Cooper Village Tenants Association, Councilmember Dan Garodnick, and Brookfield Asset Management
When: Wednesday, November 30th, at 11 a.m.
Where: At the corner of 16th St and First Avenue
What: Tenants of Stuyvesant Town-Peter Cooper Village and Brookfield Asset Management announce partnership for a tenant-led bid to buy Stuyvesant Town-Peter Cooper Village, protect residents, and keep community affordable
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