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Spitzer Sues to Clear Path for Condos | Real Estate News
Former Governor Eliot Spitzer faced a two-year bureaucratic nightmare trying to get approval to demolish a Fifth Avenue building and replace it with condos—so he sued. The state agency finally approved his plan, allowing him to stop renewing leases for rent-stabilized tenants at the 47-unit building. But the victory came with obligations: he must help displaced tenants relocate, cover moving costs, and guarantee their rent stays flat for six years. Spitzer’s legal move exposed how slow and obstructive DHCR can be—and sometimes, lawsuits are the only way to break through red tape when big…
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