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Spitzer Sues Over Stalled Demolition | Real Estate News
Former Governor Eliot Spitzer is suing the state over a two-year delay in approving the demolition of 985 Fifth Avenue, a prime real estate spot near the Met, to build luxury condos. He claims the DHCR is stalling intentionally to protect six rent-stabilized tenants, despite meeting all legal requirements—including securing $100 million in funding. A former DHCR official’s sworn statement alleges political pressure is behind the delays, and Spitzer accuses the agency of creating unjustified roadblocks. The case echoes a 2022 precedent that took seven years, prompting new rules—but Spitzer…
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