The controversy over the relocation of UESers whose buildings will be demolished for the Second Avenue Subway has led to this: The MTA has established a $10 million reserve fund to compensate residents. The Daily News on the deets: The six-figure package averages out to about $160,000 for each upper East Side apartment in four buildings subject to eminent domain proceedings ... In one possible scenario, a tenant in a market-rate apartment would get $21,000 to cover higher rents over a 42-month period. In another, a tenant in a rent-regulated apartment would get $153,000 based on a more complicated formula including age, income and higher rent over a 36-year period. [NYDN; previously]
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