When the conversion process was completing in the 1980’s, the AG had the sponsor increase the reserve fund, or a fund with a similar purpose.
That was quickly spent down statewide on this elaborate asbestos cleanup operation that most people have forgotten about. The asbestos abatement people all seemed to be from Ecuador. I don’t know how they received all this specialized training, the price the coops paid was extreme. I am sure the price the workers were paid was pennies on the thousands.
It would be interesting to see where the asbestos workers are today, and how many were working under fake identification and immigration paperwork.
Why is the NYS Governor allowing the Attorney General’s Office to not uphold the cooperative apartment state laws?
Is This More ALBANY graft?