Category: Co-ops

Month in Review, December 2014: Part 1, Hit pause on reality

4 February, 2015 (10:00) | Affordability, Bankruptcy, Casinos, Cemetery, Cities, Co-ops, Detroit, Development, Eminent domain, Environmental, Eurozone, Land use, Mitchell-Lama, New York, Privatization, Switzerland, US News, Vermont, Zoning | No comments

By: David A. Smith Compared with all the generations that came before us, we today live in a world of unprecedented rate of change, both in dimensions – technology, medicine/ biology, war/conflict, and human society/ moral values – and in speed.  To survive and orient within this continuous shock of the new, we have learned […]

One man’s windfall is another man’s score: Part 11, “I think most people will tell you yes.”

16 December, 2014 (09:00) | Affordability, Affordable Housing, Co-ops, Democracy, Housing, Markets, Mitchell-Lama, New York City, Privatization, Urban renewal, Urbanization, US News, Zoning |

[Continued from yesterday’s Part 10 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8, and Part 9.] By: David A. Smith As our survey of Southbridge Towers’ impending privatization reaches its conclusion, we can come back to the most basic question of all: 3.H. Whose […]

One man’s windfall is another man’s score: Part 10, “Extremely unlikely…but it’s budgeted for”

15 December, 2014 (10:00) | Affordability, Affordable Housing, Co-ops, Democracy, Housing, Markets, Mitchell-Lama, New York City, Ownership, Privatization, Urban renewal, Urbanization, US News, Zoning |

[Continued from Friday’s Part 9 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, and Part 8.] By: David A. Smith Friday’s Part 9 nearly completed our review of the public-policy implications of a Southbridge Towers privatization in the changing demographics now (slow income concentration) and after privatization […]

One man’s windfall is another man’s score: Part 9, “Can’t continue as a middle-class complex”

12 December, 2014 (10:00) | Affordability, Affordable Housing, Co-ops, Democracy, Housing, Markets, Mitchell-Lama, New York City, Ownership, Privatization, Urban renewal, Urbanization, US News, Zoning |

[Continued from yesterday’s Part 8 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, and Part 7.] By: David A. Smith If Southbridge Towers goes market, as its owners have voted more than 2-to-1 to do, the development’s cultural character will undoubtedly change gradually, and the effective affordability will […]

One man’s windfall is another man’s score: Part 8, “People think you’re taking money out of their pockets”

11 December, 2014 (10:00) | Affordability, Affordable Housing, Co-ops, Democracy, Housing, Markets, Mitchell-Lama, New York City, Ownership, Privatization, Urban renewal, Urbanization, US News, Zoning |

[Continued from yesterday’s Part 7 and the preceding Part 1, Part 2, Part 3, Part 4, Part 5, and Part 6.] By: David A. Smith In my continuing coverage of Southbridge Towers’ proposed conversion to a market-rate co-operative, enabling its owner-shareholder-renters to cash in on their apartments’ value, yesterday’s Part 7 addressed at length the question […]