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The LeFrak City housing complex is 50 years old, and what better time for looking back? The Commercial Observer traces the complex's history, from the '70s fiscal crisis to the era of crack sales to the stability of the mid-1990s. These days, many of the buildings are wrapped in scaffolding as they undergo renovations, "the latest instance in which the vicissitudes of this signature apartment development mirror the ups and downs of its tenants." [Commercial Observer]