NEWS AND ISSUES


Statement of NYS Senator Thomas K. Duane on Tishman Speyer and Blackrock Realty's Surrender of Stuyvesant Town and Peter Cooper Village to Creditors

January 25, 2010

Residents of Stuyvesant Town/Peter Cooper Village (ST/PCV) and all who care about the future of this bastion of affordable middle-class housing in New York City are understandably concerned about the news that the complex will be turned over to its creditors.

To those creditors I say, first and foremost, the upkeep of ST/PCV must not be compromised and the tenantsf quality of life must be ensured. As the State Senator who represents the residents of ST/PCV, I will be keeping careful watch to ensure that the new management of this critically important housing resource preserves the rights and well-being of the tenants.

I will continue to work with my colleagues at all levels of government, tenants and their advocates to ensure ST/PCVfs financial stability, long-term affordability, and special character so that we not only preserve this housing for present tenants but for future generations of middle class New Yorkers.


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