It was only a matter of time before this would happen: “The owners of Stuyvesant Town and Peter Cooper Village…have decided to turn over the properties to creditors.” Even after using lots of underhanded methods to remove tenants from the Orwellian complex, renovate and charge outrageous rents, Tishman Speyer was still unable to cover the costs of their amassing debt from the $5 billion land deal. |NYT|
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Too Big To Not Fail: Stuy Town – Peter Cooper Village
By Bucky Turco |
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