NYC Declines To Appeal Court Ruling, Willets Point Project Now In Jeopardy
In 2012, then Mayor Bloomberg announced that New York City had reached a deal with Sterling Equities, a real estate company owned by Fred Wilpon and Saul B. Katz, to transform Willets Point into modern low to mid income housing mecca complete with a shopping mall. However, about a year into the project and after NYC poured $400 million dollars into the project, community and church groups who...
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