Dozens of concerned straphangers headed down to Chelsea Thursday night as the Metropolitan Transportation Authority held its fifth and final public hearing over proposed service cuts. More than 150 people signed up to speak inside the auditorium at Manhattan’s Fashion Institute of Technology. Many who attended were upset with the agency’s plan to get rid [...]
A New York real estate group has agreed to pay $1 million to settle allegations that it harassed tenants as part of a campaign to replace them with people paying higher rents. Vantage Properties owns 9,500 apartments in the city. Attorney General Andrew Cuomo announced the settlement Thursday. He had accused the company of trying [...]
More than a half-dozen gentrified neighborhoods in Brooklyn would lose subsidized day care centers for low-income families under proposed city budget cuts, Bloomberg administration officials said Wednesday. A list of the 15 day care centers that are scheduled to close in July, 10 of them in Brooklyn, was released by the Administration for Children’s Services, [...]
The sky isn’t the limit when Mayor Bloomberg tries to balance the budget. He proposed a sales tax on airplane fuel yesterday as part of his spending plan for the 2011 fiscal year, a move that could mean the cost of flying will soar. Drivers weren’t spared either – parking fees in Manhattan will jump [...]
If Donald Trump has his way, orphaned Manhattan apartment complex Stuyvesant Town-Peter Cooper Village could one day be called TrumpTown. The Post has learned that the real estate mogul and TV personality has thrown his hat into the ring to either buy or manage the massive apartment complex, whose fate was cast into doubt this [...]
Facing growing opposition to its plans to hold the Sept. 11 terrorist trial in New York City, the Obama administration is considering moving the proceedings elsewhere. Two administration officials, speaking on the condition of anonymity, said Friday the Justice department is drawing up plans for possible alternate locations to try professed 9/11 mastermind Khalid Sheikh [...]
The rebuilding schedule at the World Trade Center site is once again up in the air. Arbitrators have given the Port Authority, which owns the land, and developer Larry Silverstein 45 days to renegotiate a construction timetable. The decision was handed down after Silverstein sought damages and rent abatement for infrastructure delays. The arbitration panel [...]
The city’s Panel for Education policy voted to shut down 19 chronically underperforming schools. The hearing, which began Tuesday night at the Brooklyn Technical High School in Brooklyn, stretched into the morning before a single vote was held. The panel voted 9-4 to close the schools at 3 a.m. after a raucous nine-hour meeting. The hearing was [...]
A Manhattan Supreme Court judge ruled Monday that the special minimum increases imposed by the Rent Guidelines Board in 2008 were illegal. The law said tenants paying less than $1,000 a month had to pay an increase of either $45 or 4.5 percent on one-year leases — whichever was higher. For two year leases, those [...]
Capping a slow and steady financial fall, two real estate giants are handing Stuyvesant Town and Peter Cooper Village over to creditors. Tishman Speyer and BlackRock Realty were unable to maintain their financial commitment to the sister properties. A spokesman for the partnership says transferring control became the only viable alternative to bankruptcy, after it [...]
