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April 23, 2005
Fund allocation stalls Yonkers' Ridge Hill vote
From the Journal News:
YONKERS — State lawmakers yesterday again failed to resolve differences that have held up the proposed $8.7 million sale of the state-owned Ridge Hill property to an entity created by a city agency, holding a proposed $600 million development deal on the brink of collapse.The state Public Authorities Control Board again did not meet and vote on the sale, a crucial element to a deal in which Brooklyn developer Bruce Ratner would build the proposed Ridge Hill Village complex, featuring a mix of housing, retail and office space, on the 81-acre site. The vote, already postponed several times since March, is set for Tuesday.
Posted by amy at April 23, 2005 11:58 PM