There Goes the Neighborhood and Other News

Who really would want to set a record for paying the most ever for a condo in New York? Hedge-fund manager Daniel Loeb apparently doesn’t mind. He’s signed a contract for a $45 million penthouse at 15 Central Park West.

Across Central Park, Sherry-Netherland residents want the hotel to go co-op—they have to go next door to the Pierre to get a decent meal now– while Queens City Council members claim their constituents are getting scared away by something far worse: upzoning.

At Ground Zero, the Mayor and Governor both think they can save money by putting the Port Authority in charge of constructing the Sept. 11 memorial while New Jersey Transit is going to help out the Moynihan Station redevelopment with a little cash.

Matthew Schuerman There Goes the Neighborhood and Other News