Saving Stuyvesant Town

How One Community Defeated the Worst Real Estate Deal in History

Daniel R. Garodnick (Autor)

Buch | Hardcover

384 Seiten

2021
Three Hills (Verlag)
978-1-5017-5437-1 (ISBN)

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From city streets to City Hall and to Midtown corporate offices, Saving Stuyvesant Town is 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.

Daniel R. Garodnick is the former New York City Council Member representing the East Side of Manhattan. He now serves as President & CEO of Riverside Park Conservancy. Follow him on X @dangarodnick.

Prologue: Middle Class on the Brink

1. Activism from the Start

2. Time for a Tenants Association

3. An Unexpected Challenge

4. Making a Bid

5. Regrouping after the Loss

6. Pushing Back against a New Owner

7. Preparing for an Uncertain Future

8. Suddenly the "Prettiest Girl at the Dance"

9. Finding a Partner

10. Challenged from the Outside

11. Under Water, Actual Water

12. A New Start

13. The Mayor Comes Over for Cannoli

14. Closing the Deal

Epilogue: Loopholes Closed

Erscheinungsdatum	08.02.2021
Zusatzinfo	1 Maps; 24 Halftones, black and white
Sprache	englisch
Maße	152 x 229 mm
Gewicht	907 g
Themenwelt	Sachbuch/Ratgeber ► Geschichte / Politik ► Regional- / Landesgeschichte
	Geisteswissenschaften ► Geschichte ► Regional- / Ländergeschichte
	Naturwissenschaften ► Geowissenschaften ► Geografie / Kartografie
	Wirtschaft ► Betriebswirtschaft / Management ► Rechnungswesen / Bilanzen
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Immobilienwirtschaft
ISBN-10	1-5017-5437-8 / 1501754378
ISBN-13	978-1-5017-5437-1 / 9781501754371
Zustand	Neuware