Thursday, June 12, 2008

Columbia expansion update

The Times reported yesterday that Columbia has reached an agreement to buy out one of the few remaining property owners in its plan footprint. As part of the agreement, Columbia will pay for relocating Anne Z. Whitman's business, a moving and storage company, from West Harlem to Washington Heights.

Ms. Whitman had previously stated that she would not agree to a buy out. The agreement leaves only two holdouts: a family that operates a service station and Nick Sprayregen, who owns 5 buildings with about 300,000 square feet of space, most of which is devoted to his Tuck-It-Away self storage business. Eminent domain seems likely to enter into the mix soon.

There's still no word on the CBA, however.

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