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Resource ID: #21144
Subject: Development
Source: The Journal News (White Plains, N.Y.)
Date: 2003-06-22



While examining the politics, economics and development efforts of Yonkers as it rebuilds downtown, the newspaper found a history of legal disputes and financial difficulties with a high-profile developer. The investigation raises questions about how Yonkers picks developers for large projects. A related story shows how state officials plan to sell an 84-acre office park for less than $9 million to a private corporation set up by city officials. The corporation, independent of the city and not subject to local oversight, might resell the property for more than 10 times the purchase price.

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