Daily News from New York, New York on June 14, 1998 · 34
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Daily News from New York, New York · 34

New York, New York
Issue Date:
Sunday, June 14, 1998
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nws Dsl 01 baETgaiin), cto sez By MICHAEL O. ALLEN Daly News Staff Writer President Clinton's $1 price tag on Governors Island is no bargain, a top city official said yesterday. Clinton had offered to sell the 175-acre island to the city and state for $1, as long as it's used for a public purpose. Otherwise, the island could fetch up to $500 million from a private developer. But Deputy Mayor Randy Levine said that two City Hall-commissioned reports, prepared by Coopers & Lybrand and Turner Construction, concluded that the city should be paid to take the former military base off the feds' hands. 'They are acting wholly unfairly to New York City," Levine said. "When they closed military bases which Governors Island was in other places all over the country . . . they paid to transition it to civilian use. "Here, they are trying to dump it on New York and run away, and the mayor is not going to allow that because he doesn't want to burden the taxpayers." Giuliani had proposed casino gambling as a way to finance the cost of turning the island to civilian use, as well as building and maintaining parks and preserving historic sites there. Preservationists and other critics have opposed casinos as inappropriate activity on the island. Levine said the reports examined the feasibility of all the potential uses, such as commercial and residential spaces, a hotel and convention center, with a top-flight casino, and educational uses. "If Governors Island is going to be developed, as we all hope it would be ... it has to be a way that would pay for itself and not burden the taxpayers," Levine said. He said the reports show that the island would be a burden to the city if it takes possession of it as proposed. 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SAV1NQS BANK www3bli.0rg Broken leg in sidewalk collapse A 70-year-old Harlem man was counting his blessings last night after a sidewalk collapsed and he plunged 10 feet into a basement Charles Coqueran broke his leg in the fall on Fifth Ave. and 119th St, but his daughter, Maria Coqueran, was glad his injuries weren't worse. Authorities were unsure what caused the pavement to give way, but heavy rains fell in the area about the time of the accident Charles Coqueran, a former cab driver and factory worker, had walked out of a building near Mount Morris Park and was headed back to his apartment on St Nicholas Ave. when the accident occurred about 11:30 a.m. He was standing straight up as he hit the basement floor, his daughter said. Dave Goldiner $1,000 Down Can Move You In If you thought that owning your own residence was impossible, then you haven't heard about The Phoenix Group's leasepurchase program. This one-of-a-kind program, available on cooperative apartments in Riverdale and southern Westchester County, can make you an owner with as little as $ 1 ,000 down payment. There are a wide selection of studios, one bedroom and two bedroom units to choose from. Qualified buyers can also take advantage of special financing, making it even easier to afford. Ted Wolf, President of The Phoenix Group, explains. "The leasepur chase program allows you to move in with as little as $1,000 down. You then make lease payments for the next 6 months. These lease payments are fully credited toward your final down payment," This way, you build a down payment while living in your new residence. The Phoenix Group's exclusive co-ops include S adore Lane Estates and Central Hills in Yonkers- Renovations include Formica kitchens by On-Site Designs of Westchester. Pool clubs and recreation areas, modem lobbies and circular driveway entrances are featured in some locations. 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