Property Award Decreased By $6,934,487

City claimed condemned property designated as wetlands was overvalued at $10 million. In 1985, seven acres of property covering six blocks in the Oakwood Beach section of Staten Island was donated to a yeshiva. The yeshiva’s plans for the property included development of a school and synagogue. Due to fiscal setbacks and a freshwater wetland designation, the yeshiva in 1991 sought and the City approved a hardship exemption in development of the planned school and … <Read More>