Sunday, September 28th, 2008

1520 Sedgwick Cleared To Be Sold

Courts have cleared the way for 1520 Sedgwick, the birthplace of hip-hop, to be sold next week.

This comes after a year in which the courts first blocked the sale of the building, and tenants of the historic building where Cindy Campbell and DJ Kool Herc threw their first party raised $10 million to buy the building back. Efforts by the efforts of the Campbells and affordable housing activists were also made to grant the building historic preservation status.

This from the article:

“While the owners of 1520 Sedgwick have a legal right to buy out of the Mitchell-Lama program, the building’s residents have made an offer that we believe is more than fair,” said Shaun Donovan, the commissioner for the housing preservation department. “In this light, it is difficult to understand why the owners would choose to put the affordability of over 100 families’ homes at risk.”

More on this shortly…

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