Rather than let hedge fund kingpin Bill Ackman successfully execute a hostile takeover, Stuyvesant Town's mortgage holders are prepared to cut a deal for a tenant-led buyout of the East Side rental megacomplex. That's according to a letter acquired by the Post, but a spokesman for Ackman (who favors a co-op conversion plan for Stuy Town, much like the Tenants Association) is talking trash about these "half-promises." [NYP; previously]
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