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January 9, 2007

Yonkers, Greenburgh set to ratify settlement this week

The Journal News
By Michael Gannon

The villages of Greenburgh, Hastings-on-Hudson and Ardsley and the City of Yonkers are close to reaching an agreement over Forest City Ratner's controversial Ridge Hill project. The developer will not downsize the project (they should have increased the size of the project, then cut it back and said "they've been merciful"), but money will be provided to lobby the state for a new road to provide direct access to the project in an attempt to alleviate traffic congestion. If a new road is ever approved, Ratner will be contributing $10 million to the construction.

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Posted by lumi at January 9, 2007 7:44 AM