One resident (whose name will probably be identified if and when he comments) is very interested in bringing on lawsuit against iStar, for what he calls “bait & switch tactics by iStar against us taxpayers.”
Basically, iStar first tells us they need to build these towers an unprecedented height in order for it to be sustainable. After that was granted, iStar pulls the IDA card looking for tax abatements, basically saying they need these breaks or they can’t build….. but they should have told us that when they first announced this development, no? Anyway, this IDA request came as a major shock to many residents still trying to survive in our post-Sandy city.
While this is all talk for now, how many of you would seriously be interested in joining and/or even contributing to a lawsuit on behalf of the taxpayers against iStar? Raise your hands.