The credit crunch and corresponding collapse of the new hotel market would seem to have put a damper on the city's wacky plan to turn the former Bellevue Psychiatric Hospital into a hotel, which is why a group of officials have a new idea for the notorious old nut house. The Real Deal reports Manhattan Borough President Scott Stringer and others wrote to the mayor asking that the city's Economic Development Corporation use the building as a nursing home. As long as André Balazs is somehow still involved, we're down. [Real Deal; previously]
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