Regatta condo owners fight fee increase

December 05, 2008 11:56AM

Condominium
unit owners at the Regatta in Battery Park City are negotiating their
monthly payments with landlord Battery Park City Authority. The condo
owners pay a monthly fee that is expected to
increase 25 percent, to a total of $2.295 million from $1.836 million.
The increase would add about $200 to each resident’s bill, and the fee
would stay the same for the next 15 years. Residents at the Regatta, at 21 South End Avenue at West Thames Street, want a gradual increase of the fee over 15 years.


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