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Stuy Town Tenants Want Their Money Back

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The major unresolved issue in the Stuyvesant Town/Peter Cooper Village rent-stabilization lawsuit is when and how much landlord Tishman Speyer should refund rent overcharges to market-rate tenants. Negotiations between the sides appear to have hit a roadblock, and the residents' lawyers are threatening more court action. Said City Councilman and Peter Cooper resident Dan Garodnick: "The holiday season is upon us, and the tenants should have the right to decide how to spend their money." Tishman has been depositing the overcharges in an escrow account since last March. [NYP]