TA’s core goal is preserving affordability
To the Editor:
I am pleased that a recent independent analysis by JP Morgan confirms that the Tenants Association/Brookfield conversion plan is “the most likely outcome.”
The report validates that the best road to a more stable future for Stuyvesant Town and Peter Cooper is through the Tenants Association/Brookfield partnership and gives an added boost to our efforts.
As we have pledged since day one, any conversion plan that the Tenants Association will propose must satisfy our core goals: preserving affordability and returning stability to our community, giving tenants an opportunity to purchase their unit if they choose, protecting our open spaces from development, and improving maintenance and upkeep throughout ST/PCV.
The most recent appraisal of Stuyvesant Town-Peter Cooper Village, in September, 2011, was for $3 billion, which happens to be the value of the first mortgage. While JP Morgan speculated that under one model of a partial condo conversion the property could be valued at up to $4.4 billion, our bid does not need to be for that amount. In fact, as we have said repeatedly, we will only present a bid for a dollar amount that we believe will achieve the goals above.
While any credible bid will need to be one that makes sense for bondholders, we are committed to structuring a conversion plan so that it offers meaningful value to current tenants and preserves affordability for future generations of middle class New Yorkers.
Al Doyle, President
ST/PCV Tenants Association
Introducing the Bluejays
Thanks for a wonderful article highlighting the first ever season for the Epiphany Bluejays baseball team (T&V, June 21). Next year, we hope to expand the program and have teams for several other grades. (Come the fall, we’ll be looking for interested dads in other grades to step forward.) And while the team is drawn predominantly from the school, CYO rules actually invite anyone living within the Epiphany parish boundaries to participate.
One small note to clarify. In the headline, it labels the Bluejays as a LL — for Little League — team. While it is a youth baseball team, it is technically not affiliated or chartered by the Little League, which is headquartered in Williamsport, Pa. Our affiliation, as the article states, is with the CYO — the Catholic Youth Organization — and we play in the Diocese of Brooklyn.
And as the article correctly states, it is a baseball addition for some of the better players to get more playing time in a somewhat more competitive league — while also continuing the recreational league play that they’ve enjoyed in the Peter Stuyvesant Little League. We hope they both thrive and prosper for years to come.
Keith J. Kelly
CYO coach/PSLL Board Member
Going to the dogs
I am writing in appreciation of two letters in your May 10th issue.
The first was Frances Clarke’s letter concerning leaving the Oval free of commercialization and events and keeping it a playful oasis. Agreed.
Second was “Name withheld’s” letter about “restoring the little chain link fences that used to surround the grass, flower and bush areas.” Take them down and what do you expect but people tromping through and dogs relieving themselves anywhere and everywhere.
Allowing dogs into Stuyvesant Town/Peter Cooper Village is the single worst decision concerning “quality of life” ever. You allow dogs in and there is going to be dog crap everywhere. Period.
How to deal with the squirrel problem
Re: Recently published letters about squirrels
Research has demonstrated that the overwhelmingly number of squirrels are not using PCV/ST as their primary residence. Many actually reside, in the main, in contiguous places: Gramercy Park, Union Square, Murray Hill…
So, management should use their attorneys to have them permanently removed. The same is true for the birds that spend time here sans permanency or paying any rent.
David Chowes, PCV