Mayor Bill de Blasio’s administration is considering partnering with private developers to tear down and rebuild some New York City Housing Authority properties. Officials want to take this approach at Chelsea’s Fulton Houses, as they believe the land there is valuable enough to net them a profit that would fund capital needs at the complex, where repairs are expected to cost $168 million over five years, according to Politico. Under the plan, workers would demolish […]
source https://therealdeal.com/2019/04/22/private-housing-could-be-coming-to-nychas-fulton-houses-in-chelsea/
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