stuy town/pcv court case
Started by aboutready
over 16 years ago
Posts: 16354
Member since: Oct 2007
Discussion about
scheduled to be heard 09/10. i don't know if any extensions have been granted. http://www.nycourts.gov/courts/appeals/calendar/2009/sep09fullcal.pdf
Is Stuy Town suing PCV? Or is it like a two way suit they are both suing each other?
Personally I'm more for ST because it is more working class.
stuy town is suing pcv because they want the oval amenities pavillion moved south. pcv has countersued with a petition to move the oval north, claiming it obviously belongs near the oval amenities pavillion. both are claiming that the other has a disproportionate share of the funds devoted to landscaping, particularly lawn maintenance and dead shrub removal.
the names change but the voices remain the same.
Can tney do that?
Roberts v Tishman Speyer Properties
aboutready: "dead shrub removal"
Is that Tishman, the Florida pension fund et al?
30yrs, a metaphor for our real estate times.
Stuytown is not suing PCV. Both complexes are owned by Tishman Speyer.
The lawsuit is tenants of Stuytown/PCV vs Tishman. A lower New York court had ruled that Tishman improperly accepted the J51 tax abatement while deregulating apartments. It ruled that Tishman must turn deregulated apartments back to rent regulated and return the difference to tenants going back 4 or 5 yrs. The ruling also stated that apartments are to remain rent regulated until the J51 expires (around 2020). Tishman had appealed this ruling, which is what this 9/10 case is about. It's a landmark case that could re-regulate thousands of apartments in Manhattan.
A Solomonic judge would order the oval divided into two arcs, and lawn chairs added (for discussing, not for sitting in, despite the throw pillows with SE-poster quotes embroidered on them).
I bet Sotomayor wouldn't order that, though.