The Real Deal New York

Rally encircles Stuy Town

May 24, 2007 12:00AM

Tenants from affordable housing complexes around the city gathered at Stuyvesant Town yesterday afternoon to form a human ring around the complex and call attention to what they say is a citywide hemorrhage of rent-stabilized and Mitchell-Lama units. Speakers at the event included Manhattan Borough President and UFT President Randi Weingarten. “If the current trend continues,” said Manhattan Borough President Scott Stringer, “we will become a city for the very wealthy only. There will be no place for the poor, or for anything in between.” Stuy Town was chosen as the site for the rally because organizers said it represented the loss of affordable housing in the city; the historically middle-class and mostly rent-stabilized complex was purchased by Tishman Speyer for $5.4 billion last year. more [AMNY]

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