Word: condo
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Dates: during 1980-1989
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...Originally the design satisfied our investment concerns," Schmidt added, saying that because of changes forced by the historical commission he is now unsure whether the office and condo complex would earn an acceptable profit...
...they can get him to switch his stand on rent control, or, more likely, obtain his pledge to allow the city's anti-condo legislation to be watered down, Vellucci may win their votes for mayor...
...months. condo conversion had been the burning issue at city council. It may have been the deciding factor in denying city liberals a fifth seat on the council in last month's elections. And the battle finally reached a climax last Monday night, when the council voted not to allow tenants in the two buildings to purchase their homes as condominiums...
...Though his ruling will be appealed, it strikes down the section of the law that was for more than a year the only bulwark against condominium conversion in much of the city and remains the only barrier to conversion of perhaps as many as 100 units in "hybrid" (half-condo, half-rental) buildings...
...Currently, developers are suing the city in an effort to overturn the ordinance. If the amendment exempting two buildings was ever passed, surely any sensible judge would be tempted to throw the entire law out the window as a gross violation of equal protection. And if that happens, the condo gold rush will be on again and every tenant in the city will once more live in fear. The law protects all tenants too poor to buy their own apartments, and guarantees that there will be rental housing in the city in the years to come. No single statute, save...