Updated 11/15/2009 11:09 AM
Stuy Town Residents Call For Stabilized Future
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Hundreds of Stuyvesant Town and Peter Cooper Village tenants rallied Saturday to try to keep rent at the landmark apartment complex affordable.
The protest comes about a month after the state's highest court ruled landlord Tishman Speyer improperly charged market rents on thousands of apartments.
Tishman may have to refund $200 million to tenants.
Tenants NY1 spoke with said they're hopeful they'll be able to afford to stay in the community.
"I think to have this many people to turn out in this kind of rotten weather is just phenomenal and indicates the kind of commitment tenants have to saving this community," said one Stuyvesant Town resident.
"I feel very positive that we're going to be able to stay in our apartments for a long time," said another Stuyvesant Town resident.
Reports emerged earlier this year that Tishman is in danger of defaulting on a $4.4 billion loan.
Tishman says its lawyers and lawyers for the tenants are working together to try to resolve some of the issues left open by the State Court of Appeals decision.