New York Times. Times
In March 2007, a bid by Clipper Associates to buy the complex for $1.3 billion was blocked by the US Department of Housing and Urban Development, on grounds that the deal could have led to escalating rents there. A memorandum of understanding was signed last year to ensure that rents at the complex would remain affordable. In July, there were four companies which reached the final round of bids, apparently, to no avail.
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