Monday, December 08, 2014

Luxury building fences off rent stabilized tenants' terraces

"First there was the Poor Door. Now there’s the Poor Porch. A Queens luxury tower that was bailed out by the city is blocking the large terraces of a few affordable units so tenants above with tiny balconies don’t get jealous, one resident claims."
Ever since the Reaganization of both parties, the rich have been hoovering up virtually all the increase in national wealth while the rest of us stagnate or lose ground. In the process, the rich have become so irresponsible and arrogant that they don't even want to pretend we are all part of the same society. And here's the best part. The project was bailed out at public expense.

"Once a stalled condo project, the 17-story building was revived by the city Department of Housing Preservation and Development’s Housing Asset Renewal Program. The city doled out $7.6 million in subsidies and, with Bank of America, provided $28 million in low-interest construction loans to Queensboro."

The pathological culture of the rich.)

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