Category: Ownership

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 | No comments

[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 | No comments

[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 | No comments

[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 […]

One man’s windfall is another man’s score: Part 7, “If the city wants more affordable housing”

10 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 | No comments

[Continued from yesterday’s Part 6 and the preceding Part 1, Part 2, Part 3, Part 4, and Part 5.] By: David A. Smith The end of yesterday’s Part 6 of our Southbridge Towers exhaustive review had concluded our assessment whether the money to be made, if made it will be, is a windfall or simply […]

One man’s windfall is another man’s score: Part 6, “We built the Little Leagues”

9 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 | No comments

[Continued from yesterday’s Part 5 and the preceding Part 1, Part 2, Part 3 and Part 4.] By: David A. Smith At the halfway point of our continuing saga of Southbridge Towers’ quest for market value to its occupants via the mechanism of Mitchell-Lama privatization, we’ve addressed six of the attributes that I submit people […]