From the Daily News:
The family of outgoing MTA Chairman Dale Hemmerdinger is quietly angling to regain control of the tony Queens mall it founded three years ago but lost to foreclosure in February, sources said.
The Shops at Atlas Park, an outdoor complex in Glendale anchored by a movie theater and restaurants, is controlled by a court-appointed lawyer until a foreclosure sale, expected to happen late this year or in early 2010.
Community leaders believe the Hemmerdingers recently formed ATCO Advisory Services, a subsidiary of the clan's retail management firm, to prepare to buy the mall at their own foreclosure sale.
"They are at least making moves to look at acquiring the property," said Lydon Sleeper, the chief of staff for City Councilwoman Elizabeth Crowley (D-Middle Village).
Hemmerdinger's son, Damon, who was the mall's development director and serves as principal of ATCO Advisory, denied that the venture was created to bid on Atlas Park.
Paul Millus, the center's court-appointed receiver, said he didn't know what the family might do.
But Sleeper was direct when asked if the Hemmerdingers are positioning themselves to buy the Cooper Ave. complex.
"The different things that we've heard seem to suggest that," he said, declining to reveal his sources.