Ken Fisher, a member of Cozen O’Connor’s Business Law Department, discusses his client’s efforts to develop a former elementary school in New York City’s East Village into private dorms for Adelphi University in a WCBS TV interview. The New York City building was purchased in 1998 but development has been delayed due to deed restrictions requiring it to be used as a community facility. The plan is estimated to generate $17 million in revenue for the city annually. In the interview, Ken says, “[The building] has to be used for community facility use and there’s no question whatsoever that a dormitory qualifies for that use.” He later adds that, “The notion that is going to be used for some type of purpose other than what we say it is, is just silly.”
To watch the interview, click here.