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August 17, 2005
The proposed dissolution of a nonprofit entity created to develop the Ridge Hill property removes just one of three major hurdles that remain to win enough City Council votes to make the $600 million project a reality
Thought the dissolution of the Ridge Hill Development Corporation has a big step in eliminating obstacles to Ratner's controversial Yonkers project:
The council and Brooklyn-based Forest City Ratner still face delicate negotiations over reducing the project's overall size and what it will pay in taxes, members of the council and Ratner officials said yesterday.
Posted by lumi at August 17, 2005 8:30 AM