A $5.4 billion deal to purchase two massive Manhattan apartment complexes and convert them to high-end rentals appears to be floundering.
The Manhattan apartment complexes known as Stuyvesant Town and Peter Cooper Village were purchased in 2006 for $5.4 billion, as part of a scheme to transform them from middle-class housing to luxury units. However,
"Tenants fought back, conversions happened much slower than expected and a state court ruled Thursday that about $200 million in the company's new rent increases were improper. Real estate analysts say the ownership group is now just two to three months away from a likely default on the $3 billion mortgage it used, along with a $1.4 billion secondary loan, to buy the property. Foreclosure looms as a strong possibility."

Alabama: Trump Terminates Settlements for Black Communities Harmed By Raw Sewage
Trump deemed the landmark civil rights agreement “illegal DEI and environmental justice policy.”

Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

The 120 Year Old Tiny Home Villages That Sheltered San Francisco’s Earthquake Refugees
More than a century ago, San Francisco mobilized to house thousands of residents displaced by the 1906 earthquake. Could their strategy offer a model for the present?

Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.

BLM To Rescind Public Lands Rule
The change will downgrade conservation, once again putting federal land at risk for mining and other extractive uses.

Indy Neighborhood Group Builds Temporary Multi-Use Path
Community members, aided in part by funding from the city, repurposed a vehicle lane to create a protected bike and pedestrian path for the summer season.
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