Garodnick: Tenants have moved on
The following is an open letter from Council Member Dan Garodnick to Charles Spetka, CEO, CW Financial Services LLC.
Dear Mr. Spetka:
Ten months ago, the Stuyvesant Town and Peter Cooper Village Tenants Association announced that it had partnered with Brookfield Asset Management to put forth a plan to buy the property on behalf of the tenants that would satisfy CW Capital’s obligations to its bondholders.
Since that time, the TA/Brookfield partnership approached you many times and has even proposed to you an offer structure that has the potential to satisfy your obligations in full. For reasons not at all clear to me, CW Capital has not yet given the tenants and Brookfield the necessary information to develop their structure into a formal bid. While you may not share a commitment to this community beyond your own short-term interests, I would expect that you would not willfully pass up an opportunity to satisfy your bondholders.
After decades of peace in Stuyvesant Town and Peter Cooper Village, the last six years have brought conflict, upheaval and instability. While we cannot point fingers at CW Capital for creating the problem, we certainly can fault you for prolonging it.
Accordingly, I write to advise you that we are going to pursue this issue directly with your bondholders; with Wells Fargo, the trustee and master servicer of the CMBS trusts; with Fortress, your parent company; and with the relevant rating agencies. To the extent that CW Capital cannot see the wisdom of having this conversation with an organized community that has secured a capital partner prepared to get you a full recovery, perhaps these others will.
Of course, to the extent that you wish to engage directly with the tenants in furtherance of their plan at any time, I am certain that their door will be open.
Daniel R. Garodnick
Stuy Town is for the birds
Saturday, October 13, 2012 was a big bird migration day in the northeast, and many of these migrating species landed in Stuyvesant Town.
I was amazed at all the birds I saw, including a Pine Siskin. There were warblers species, especially Yellow-rumped Warblers, Blue-headed Vireo, Eastern Phoebe, kinglets, Yellow-bellied Sapsucker, Brown Creeper, Hermit Thrushes, two Swainson`s Thrushes and many more.
As I walked along the flagpole area at East 18th St off First Ave, I noticed a distressed Hermit Thrush on the ground. The bird was hyperventilating, wobbly and had problems moving. I ran upstairs for a brown paper bag. I punched holes into the bag and put an old washcloth inside for perching. I returned and the Hermit Thrush allowed me to approach it, and with gentle nudging it went into the bag. I hopped a cab and brought the bird to the new state-of-the art avian rehabilitation center at 565 Columbus Ave. I noticed that the Hermit Thrush stopped hyperventilating once in the paper bag. It relaxed a little. The wonderful, capable rehabilitators examined our little patient and determined that it was exhausted, dehydrated and stressed, but otherwise OK.
Once fed, hydrated and given an opportunity to sleep and rest, it would be released. It was obvious that this bird had hit a window or other glass structure. Had I not brought the bird for rehabilitation, it would have perished.
Every year billions of birds are injured or die from glass collisions and fatal light attraction. New York City Audubon Society is doing a wonderful job on its “lights out” program for large business buildings. They also work with people who want to mitigate these collisions with inexpensive, non-obtrusive netting, glass with materials reflecting ultra-violet spectrum. Birds see that spectrum as a color. They use decorations and other ways to reduce these collisions. House Sparrows, Rock Pigeons and European Starlings do not crash into windows. They seem to know glass.
If you see a migratory bird that appears to have hit a window, putting it in a brown paper bag with breathing holes helps. If the bird becomes frisky, then release as far from windows as possible. If you find a bird that has perished from a collision it can be put in a ziplock bad and brought to New York City Audubon at 71 West 23rd St. for their program.
We have so many beautiful birds visiting Stuyvesant Town during migration, including a Connecticut Warbler two weeks ago. If so inclined, grab a pair of binoculars and enjoy the beauty.
Anne Lazarus, ST
Packed in at PCV
I have lived in Peter Cooper for many years and am heartbroken about its downfall. In my building on the lobby floor there are two two-bedroom apartments next to each other and until a few years ago collectively, there were three tenants in them. Today there are (15).
Seven in one and eight in the other. Each one has five children, both boys and girls. Their ages range from five years to 13. It is not uncommon to see boys roller blading, skate boarding and tricycle riding on the uncarpeted lobby floor, piercing screeches and loud and raucous voices is the norm.
Name withheld, PCV