Kool Herc still fighting for that building, I see.
In the '70s, it was arson that had The Bronx burning to ashes and dust. Now? Constant threats of bloodshot-eyed, thirsty developers rubbing up their palms is what's keeping the city's only mainland borough on fire.
Investor Mark Karasick, who has YET to even buy the building himself, told Herc's camp that he'd step off if they handed over $14 million-- DOUBLE the building's $7 million worth. Preposterous. It should be a crime to be this greedy. I was under the impression that he had already purchased the building. But according to the Washington Post, as of last month, the proposed sale had been rejected by city officials, as "its financing was not viable because of rent restrictions on the building imposed by a state program that subsidizes landlords." However, the owners might possibly negotiate a deal that the city will accept, and the landlords and Karasick have been quiet on their plans for the near future.