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January 10, 2007
Yonkers council delays bonds to finance $66M of spending
The Journal News
By Hannan Adley
The latest news about Forest City Ratner's controversial Ridge Hill development plan in Yonkers:
The [Yonkers] City Council last night approved a settlement that could end a lawsuit over the proposed Ridge Hill development.
...
Under the settlement, developer Forest City Ratner agreed to set aside $500,000 to establish a task force to lobby government and utilities for permission to build an access road to the Sprain Brook Parkway. Forest City has offered $10 million to build such a road.The developer will also give $5 million to Greenburgh, Ardsley and Hastings-on-Hudson for traffic improvements.
Posted by lumi at January 10, 2007 8:23 AM