{"title":"An Unexpected Challenge","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0004","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0004","url":null,"abstract":"This chapter focuses on Daniel Garodnick and his official new role in the Tenants Association of the Stuyvesant Town. It discusses how Garodnick's work as a founder of the Market Rate Residents Network gave him the chance to meet the neighbors and get to know the Stuy Town property management team. It also highlights MetLife's use of vacancy decontrol in order to take a quarter of the units in Stuy Town out of rent stabilization, specifying the traditional rent-stabilized residents and newer tenants living in nonregulated apartments as two classes of renters. The chapter mentions Al Doyle, who still lived in Stuy Town and was the longest-serving president of the Stuyvesant Town Peter Cooper Village Tenants Association. It recounts how Doyle became the most identifiable name in the community after many years of battling MetLife.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123314471","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A New Start","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0013","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0013","url":null,"abstract":"This chapter focuses on Daniel Garodnick's preparation for the 2013 election as he intended to be the next speaker of the city council. It explains that the speaker is chosen by his or her colleagues in the council and one way to generate votes in a speaker race is by supporting current council members running for re-election. It also mentions the challenges caused by Bill de Blasio winning the Democratic primary for New York mayor as he and Garodnick had a complicated relationship. The chapter refers to the Progressive Caucus, a group of twenty-two council members who had formed a bloc of their own in hopes of influencing the race. It recounts how Garodnick endorsed de Blasio for the general election the day after the primary and came out to give him a boost with his constituents.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"244 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133788228","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Time for a Tenants Association","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0003","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0003","url":null,"abstract":"This chapter mentions the MetLife insurance company, which developed Peter Cooper Village at the same time as Stuyvesant Town covered the area from 20th to 23rd Streets. It details how the two communities operated as a united whole, with the same security and maintenance staff serving them, except the apartments in the Peter Cooper buildings were a little bigger than those in Stuy Town. It also elaborates the perception of Stuy Town' tenants about the management as they seem to pay more attention to Peter Cooper. The chapter talks about the second burst of real activism by Stuy Town tenants that was led by Charles Lyman, who decided to get together to explore ways to protect themselves and their community after 1974. It discusses the meetings of Lyman's group of tenants, which called themselves assembly the Stuyvesant Town Tenants Association.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134545041","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Finding a Partner","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0010","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0010","url":null,"abstract":"This chapter delves into Adam Rose's eagerness to find ways to make his mark on the quality of life in the community of Stuyvesant Town and show how he could do a better job than the hated Tishman Speyer. It discusses Rose's first three months as the person in charge, including how he increased the public safety force by 12 percent and promised to reduce on-hold times for maintenance requests. It also highlights the appointment of Jim Yasser as the property's managing director and Charles Bagli, who was writing another piece on what would happen next to Stuy town. The chapter discusses Daniel Garodnick's ongoing intention to pursue a home ownership plan, which would include rules to keep the community affordable for middle-class people into the future. It recounts how new board members of the Tenants Association challenged Garodnick on the contents of Bagli's article.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127822930","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Challenged from the Outside","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0011","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0011","url":null,"abstract":"This chapter discusses how residents of Stuyvesant Town received a colorful missive from Gerald Guterman, a real-estate speculator, which attacked and directly undermined the Tenants Association and Brookfield, the new partner of the complex buildings. It explores Guterman's plan of converting the Stuy Town property to a co-op and selling units to tenants at $130,000 per unit. It also points out how Guterman's plan sparked an anxious debate about who would become the owner of units that were not sold to the tenants who lived in them. The chapter mentions Guterman's intention to sell occupied rent-stabilized units to individual outside investors, a scenario most longtime rent-stabilized renters objected to. It also elaborates Daniel Garodnick's concerns on Guterman's model of short-term ownership that lacked any long-term affordability protections.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"17 4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116061328","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pushing Back against a New Owner","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0007","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0007","url":null,"abstract":"This chapter talks about the huge advertising banners down the sides of the plain redbrick buildings on First Avenue and Avenue C that loudly proclaimed “Luxury Rentals” within weeks of Stuyvesant Town and Peter Cooper Village's closing. It notes that the improvements made by Tishman Speyer to the two complexes depicted a different vision of the type of residents who they hoped would be populating Stuy Town. It also describes the concert series that was opened to the public, which provided an opportunity to showcase Stuy Town's new flowers, its “luxury” buildings, and its lifestyle offerings. The chapter explores Daniel Garodnick's continuing concern after Tishman Speyer won the auction, about the lack of an affordable-housing plan. It discusses how Tishman Speyer was allowed to make a claim based on its own “information and belief” that tenants were not legally living in their units.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"96 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127866233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Mayor Comes Over for Cannoli","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0014","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0014","url":null,"abstract":"This chapter looks at the de Blasio administration's active opposition to Daniel Garodnick's plan of homeownership for Stuyvesant Town. It emphasizes Garodnick's effort to persuade the mayor and his team that his plan of ownership made the most sense for the city. It also recounts how Mayor Bloomberg stayed on the sidelines back in 2006, signaling to MetLife and prospective bidders that it was simply a private transaction with no role for the city to play. The chapter details Garodnick's conversation with Emma Wolfe, one of the mayor's senior advisers, where he explained why it was important for the new mayor to do something in support of the tenants of Stuy Town in a more public way. It mentions Garodnick's hope that the new mayor connects his initiative with the plight of Stuy Town and the fight to save the largest middle-class rental property in America.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122592695","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Regrouping after the Loss","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0006","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0006","url":null,"abstract":"This chapter begins with Charles Bagli, a real-estate reporter for the New York Times who wrote the piece announcing the MetLife auction. It mentions the Lehman Brothers, Ramus Capital with Apollo Real Estate, Tishman Speyer, and, to everyone's surprise, the Stuyvesant Town and Peter Cooper Village Tenants Association as the top bidders for the two complexes. It also talks about how MetLife brushed aside arguments about equity, made no mention of history, and rejected any suggestion that it had on any continuing obligations to provide below-market housing in Stuy Town. The chapter discusses MetLife's CEO C. Robert Henrikson, who challenged the notion that Stuy Town could even be considered affordable housing. It highlights MetLife's sudden request to the remaining group of bidders to submit a plan for protecting the residents of the 11,000-apartment housing complex.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128141876","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Preparing for an Uncertain Future","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0008","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0008","url":null,"abstract":"This chapter discusses the report of the Wall Street Journal about Stuyvesant Town, one of the biggest, most high-profile deals of the commercial real-estate boom, being in danger of imminent default. It explains how Tishman Speyer was stuck at $139 million rather than raising the net operating income up to $252 million by 2009, which MetLife had promised could be done. It also mentions RealPoint LLC, a credit-rating agency that estimated the property to only be worth $2.1 billion — less than half the purchase price from the time it has been purchased in 2006. The chapter focuses on the impacts of the recession to Tishman Speyer and all owners of real-estate, which had been precipitated by a collapse in the inflated housing market. It refers to apartment prices in Manhattan that had fallen sharply as 2009 wore on and prices that went down by 25 percent compared to 2008.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127332306","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Under Water, Actual Water","authors":"Daniel R. Garodnick","doi":"10.7591/cornell/9781501754371.003.0012","DOIUrl":"https://doi.org/10.7591/cornell/9781501754371.003.0012","url":null,"abstract":"This chapter talks about Hurricane Sandy, which charged toward the East Coast in the final days of October 2012. It emphasizes how residents of Peter Cooper Village and Stuyvesant Town were encouraged to shelter in place as the area was not officially in an evacuation zone, despite being only one hundred yards from the East River. It also recounts how Hurrican Sandy caused to shut off power and water to Stuy Town and Peter Cooper and about a quarter of New York City's homes and businesses. The chapter describes the traffic into Manhattan after the hurricane cane, which was so severe that the mayor announced restrictions on single-occupancy cars entering Manhattan. It highlights the severe damages residents saw as they slowly returned to the affected buildings, such as destroyed basements and unsightly recycling bins now located right in front of their front doors.","PeriodicalId":166605,"journal":{"name":"Saving Stuyvesant Town","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133825339","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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