Tuesday, September 7, 2010
Music / News Bronx Housing Projects Home of Hip-Hop Saved, Sold to Bostonians
Posted by Benjamin Sutton on Tue, Sep 7, 2010 at 3:39 PM
Now, the Times reports that the city has tapped a program to help multifamily buildings in poor condition for $5.6 million to help the Boston-based real estate company WinnResidential buy the building from its current owners, who picked it up during the real estate boom and, surprise-surprise, couldn't afford their $6.2 million loan. Hopefully that'll be enough to make this historic site a pleasant place to party again. Herc told the Times: “This is where hip-hop comes from. This is it.”
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