DNAinfo:Chelsea Seminary Sells Off History to Pay Debts
Excerpt from Tara Kyle's December 2, 2010 DNAinfo story on the General Theological Seminary's sale of several of its historic properties to the Brodsky Organization.
CHELSEA — An Anglican seminary plagued by massive debts signed a deal this week that will turn several buildings on its historic West 20th Street block over to a luxury residential developer....
The properties the Seminary is selling off include a residential building known as Chelsea 2, 3, 4, a portion of the schoolyard currently used as a tennis court, and 422 W. 20th Street. The school currently fills the buildings with a mix of dormitories and offices.
The deal is already attracting opposition from some local activists, Chelsea Now reported. Preservationists and elected officials including State Sen. Tom Duane previously battled development on the campus in 2007, when the Seminary proposed a new 17-story tower. The school ultimately elected to erect a smaller building.
To read the entire story, please click here.
Thursday, December 2, 2010 - 19:04