Game Over: Judge Nukes NYC Mayor Zohran Mamdani’s Agenda in Brutal Ruling

In court filings, the city’s lawyers expressed concerns about the financial aspects of the bankruptcy sale, indicating that Summit may lack the necessary resources to enhance conditions in the housing complexes it aims to acquire.

“Continuing losses and mounting expenses might lead to the need for additional bankruptcies or reorganizations, a state of financial and social chaos potentially worse than the current situation of the debtors themselves,” the city said.

The Union of Pinnacle Tenants, a collective formed to resist the sale of their buildings, claims that the current landlord has neglected maintenance, failed to settle utility bills, and allowed the apartments to fall into disrepair. They are concerned that the next owner will not make improvements to living conditions.Continue reading…