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Saving Stuyvesant Town How One Community Defeated The Worst Real Estate Deal In History Daniel R Garodnick

  • SKU: BELL-46387148
Saving Stuyvesant Town How One Community Defeated The Worst Real Estate Deal In History Daniel R Garodnick
$ 31.00 $ 45.00 (-31%)

4.1

80 reviews

Saving Stuyvesant Town How One Community Defeated The Worst Real Estate Deal In History Daniel R Garodnick instant download after payment.

Publisher: Cornell University Press
File Extension: EPUB
File size: 3.49 MB
Author: Daniel R. Garodnick
ISBN: 9781501754395, 9781501754371, 1501754394, 1501754378, 2020039625, 2020039626
Language: English
Year: 2021

Product desciption

Saving Stuyvesant Town How One Community Defeated The Worst Real Estate Deal In History Daniel R Garodnick by Daniel R. Garodnick 9781501754395, 9781501754371, 1501754394, 1501754378, 2020039625, 2020039626 instant download after payment.

From city streets to City Hall and to Midtown corporate offices,Saving Stuyvesant Townis the incredible true story of how one middle class community defeated the largest residential real estate deal in American history. Lifetime Stuy Town resident and former City Councilman Dan Garodnick recounts how his neighbors stood up to mammoth real estate interests and successfully fought to save their homes, delivering New York City's biggest-ever affordable housing preservation win. 

In 2006, Garodnick found himself engaged in an unexpected battle. Stuyvesant Town was built for World War II veterans by MetLife, in partnership with the City. Two generations removed, MetLife announced that it would sell Stuy Town to the highest bidder. Garodnick and his neighbors sprang into action. Battle lines formed with real estate titans like Tishman Speyer and BlackRock facing an organized coalition of residents, who made a competing bid to buy the property themselves. Tripped-up by an over-leveraged deal, the collapse of the American housing market, and a novel lawsuit brought by tenants, the real estate interests collapsed, and the tenants stood ready to take charge and shape the future of their community. The result was a once-in-a-generation win for tenants and an extraordinary outcome for middle-class New Yorkers.

Garodnick's colorful and heartfelt account of this crucial moment in New York City history shows how creative problem solving, determination, and brute force politics can be marshalled for the public good. The nine-year struggle to save Stuyvesant Town by these residents is an inspiration to everyone who is committed to ensuring that New York remains a livable, affordable, and economically diverse city.

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