Newsday: Tentative Deal: Long Beach Would Pay Developer US$75M on High-Rise Plan
December 23, 2021
The city of Long Beach, NY has reached a tentative settlement to pay a developer US$75 million and allow the construction of two high-rise apartments. The City Council members are scheduled to vote on the settlement on December 28, 2021. The settlement will end a 30-year dispute. Attorney for Long Beach and O’Melveny partner Maria DiConza said, “This goes a long way to putting the city on a path to long-term financial health.”
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