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Friday, May 20, 2011

Bronx News Roundup, Friday, May 20

First a quick plug for everyone to come out on Sunday for the grand finale of Bronx Week, the parade on Mosholu Parkway up here in the northwest part of the borough. Last year was a blast. This year should be no different. Come celebrate the Boogie Down!

Now, to the news!

Weekend weather: Thunderstorms are possible this afternoon and evening, with temperatures in the low 70s. Saturday will be warm, high 70s expected, and hopefully rain-free. Sunday (parade day) looks like it could go either way. If it doesn't rain, (there's a 30 percent chance it will), then it should be a lovely, mostly sunny, day in the low 70s.

Story of the Day: Bank Criticized for Dumping Over-Leveraged Properties
 Last week, just as city officials, local advocates and federal bank authorities were in talks with New York Community Bank to find suitable buyers for their long list of distressed properties, it turned out that the bank had already sold the mortgage note for one of those distressed properties, the Sholem Aleichem Houses in Van Cortlandt Village. City officials were not happy, particularly because they sold the note to Riverdale-based Chestnut Holdings. Last year, the bank, which city officials say has dumped mortgages for about three dozen distressed buildings, wanted badly to unload the 10 rapidly deteriorating Milbank buildings to Chestnut. But Chestnut ended up pulling its bid after city officials criticized it for being too high. A bid that high, they and other housing advocates said, would lead it be "over-leveraged" or worth less than they paid for it, which can lead to all sorts of problems. Sholem Aleichem, a beautiful, sprawling complex of buildings off of Sedgwick Avenue, has gone through several rough periods ever since it was founded as cooperative by Yiddish-speaking socialists in the 1920s. It currently has nearly 1,000 housing code violations and tenants there are now contemplating a rent strike.

Quick Hits:
A man was arrested yesterday for selling pipe bombs out of his Subaru in Co-op City.

An armed robbery in Morrisania was caught on videotape.

The mobile Bronx Children's Museum makes it's debut on Sunday at the Bronx Week Parade (yet another reason to come out to Mosholu Parkway). 

The Bronx Zoo is facing a $4.7 million cut in Mayor Bloomberg's budget proposal.

A Fieldston mansion is selling for $3.9 million.

Producer (and Alicia Keyes' husband) Swizz Beatz raised money for the Bronx Charter School for the Arts.

Another reason to show up Sunday: Arm wrestling!

And, finally, we'll leave you with this clip of a Darth Vadar trombonist playing at the Andrew Jackson senior center on E 156th Street.


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