Two investors vying to purchase Stuyvesant Town have released a proposal that’s sure to give the powerful tenants’ association pause.
Bill Ackman and partner ”have proposed a partnership with the 25,000 tenants there that would create an affordable housing co-op and allow the investors to reap a profit,” reports The New York Times.
The tenants’ Read More
William A. Ackman, a handsome 42-year-old with a multibillion-dollar hedge fund, is the type of gigantic, sharp, loquacious corporate raider (or activist investor) who can sit across from Nobel winner Joseph Stiglitz on The Charlie Rose Show and make him look unexceptional by comparison. He took on Wendy’s and McDonald’s; survived a Spitzer investigation into Read More