Co-op City turns down Cablevision bulk deal

TRD NEW YORK /
Jan.January 07, 2014 01:25 PM

Residents of Co-op City who recently voted on a too-good-to-be-true deal with Cablevision to cut their cable bills by 75 percent are holding out for another company to offer a better deal.

Some 6,200 of the 55,000 who call the massive Bronx rental complex home voted in a referendum that needed 10,000 votes to pass. But about one-third of those who did show up turned down the proposal, despite the $50 per month it would save them, to avoid risking another five-year contract with the cable conglomerate. 

The deal would have pulled the 15,000-unit Bronx affordable housing community into one big plan and will likely reappear when elections are held for the board of directors in the spring, Daryl Johnson, a board director of Riverbay Corporation, which manages the complex, told the New York Daily News. [NYDN] — Angela Hunt

Correction: A previous version of this article misstated the number of votes against the deal.


Related Articles

arrow_forward_ios
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

448 East 143rd Street in the Bronx (Credit: Google Maps)

Private developer’s NYCHA project in Mott Haven lands $79M in financing

1159 and 1184 River Avenue with Maddd Equities' Jorge Madruga (left) and Joy Construction's Eli Weiss (right) (Credit: Google Maps)

Maddd Equities, Joy Construction score $64M for massive Bronx project

Rendering of La Central (Courtesy of FXCollaborative)

Here are the details on the next building in the Bronx’s La Central development

Mayor Bill de Blasio and City Council Speaker Corey Johnson with an aerial of 320 Concord Avenue, the site of the jail project (Credit: Getty Images, Google Maps)

Housing complex takes South Bronx jail project to court

NYCFC is close to a deal for its own stadium (Credit: Getty Images)

Maddd Equities, NYCFC nearing deal for Bronx stadium

Rafael Salamanca and the Bronx (Credit: Getty Images, iStock)

Bronx councilman snuffs out another de Blasio rezoning

Union Crossing at 825 East 141st Street with The Bluestone Group's Eli Tabak and Madison Realty Capital's Josh Zegen (Credit: Union Crossing Bronx)

South Bronx office building lands $85M refi

arrow_forward_ios
Loading...