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June 16, 2006
Ridge Hill gets new support on City Council
The Journal News
By Hannan Adely
In other Ratner news, it looks like Forest City Ratner may be edging towards approval for their controversial Ridge Hill development proposal in Yonkers. One Yonkers City Councilmember has reached an agreement with the developer over increased tax revenue and pledges to support the project. For project detractors, the issue of traffic congestion and planning remain.
The proposed Ridge Hill development may get the support it needs to become reality, now that Councilwoman Sandy Annabi has come out in favor of the project.
Annabi announced yesterday that she would switch positions and support the project because the developer had agreed to pay more taxes on the property over the next three years. The developer, Forest City Ratner, now plans to pay $10.9 million over three years, instead of $900,000, Annabi and the developer's representative said.
Posted by lumi at June 16, 2006 8:04 AM