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September 27, 2005
Ratner's Ridge Hill Village on ice?
Ratner's controversial Ridge Hill Village project has been stopped in its tracks for the time being. The Yonkers City Council did not vote on the final rezoning approval since it was dissatisfied with Ratner's traffic mitigation proposals in light of NY State Department of Transportation's rejection of "turnaround ramps" on the Sprain Parkway.
Does this mean that the project, with all of its approvals, political support, years of political infighting over charges of corruption and nepotism, lobbyists and 30-second TV spot — everything money can buy — is dead? We can't make promises or predictions — we're talking about the nation's largest publicly traded commercial real estate development company.
What we can tell you is that Ratner has been beaten back in Bloomfield, NJ and in Yonkers. Brooklynites can always dream...
Posted by lumi at September 27, 2005 1:22 PM