The Real Deal New York

Opposition drops court appeal of St. Vincent’s sale to Rudin

June 30, 2011 11:42AM

Community activists opposing the Rudin family’s proposed takeover of the St. Vincent’s Hospital campus in Greenwich Village dropped their court appeal without ever appearing before a judge. According to the Wall Street Journal, the activists, led by former City Council member Alan Gerson, will pursue less costly options. The group had appealed a Bankruptcy Court ruling in April that approved the sale of the campus, on Seventh Avenue between 12th and 13th streets, to Bill Rudin for $260 million. While Rudin’s plans call for a 250- to 300-unit residential apartment complex in addition to a renovated emergency room operated by North Shore-Long Island Jewish Health System, the activists don’t want to see the hospital, trauma centers and other health support programs disappear from the neighborhood. But St. Vincent’s officials said the sale was the best way for its creditors to retrieve its money. [WSJ]


One Response to “Opposition drops court appeal of St. Vincent’s sale to Rudin”

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