A Story to Watch

[RJSakowski]

For those in the NYC area, something to keep an eye on. I expect that Ms. Galuppo will be pressured to sell out eventually given the burden of the annual payment of property taxes in an increasingly affluent neighborhood.

She Could Get Millions to Turn This Factory Into Condos. She’s Not Selling. (Published 2019)

Flavia Galuppo just inherited her father’s building, home to Etna Tool & Die. It’s now surrounded by boutiques and luxury condos, but she is determined not to sell.

www.nytimes.com

 

[francist]

What a great story.

-frank

 

[4ssss]

Quite a story, and a sign of the times.

 

[thomas s]

Thanks for posting.

 

[rwm]

What a great story. Too bad the machines are not still in use.
We have a similar holdout story here in Charlotte:




The Thirsty Beaver (yes that's the real name) was there first and would not sell. The developer built around it. Now it is really famous!
Robert

 

[ACHiPo]

For those in the NYC area, something to keep an eye on. I expect that Ms. Galuppo will be pressured to sell out eventually given the burden of the annual payment of property taxes in an increasingly affluent neighborhood.

She Could Get Millions to Turn This Factory Into Condos. She’s Not Selling. (Published 2019)

Flavia Galuppo just inherited her father’s building, home to Etna Tool & Die. It’s now surrounded by boutiques and luxury condos, but she is determined not to sell.

www.nytimes.com

This is a great story. Thanks for posting. It will likely result in gentrification, regardless, but I love seeing viable businesses hold out as long as possible.