Wednesday, 2 May 2018

Dead scofflaw still owes city more than $100M

Developer and notorious scofflaw Herman Kraus may have died, but even that hasn’t stopped the lawsuits against him from piling up. Kraus had been arguing with the city over interest and property taxes on a dozen properties since 1991, but negotiations have since lowered that number to six buildings that owe more than $100 million, according to the New York Post. All of the buildings are part of Kraus’ 250-unit affordable housing project in Williamsburg […]



source https://therealdeal.com/2018/05/02/dead-scofflaw-still-owes-city-more-than-100m/

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