The Department of Investigation, whose scathing report last week proved a mishandling by the de Blasio Administration in the Rivington House deed fiasco, released evidence late yesterday that the Mayor’s office deliberately covered up crucial information regarding the ongoing investigation.
Specifically, a deal memo from July 2014 that weighed the pros and cons of allowing the sale of the Rivington House nursing home and potential deed lifting that required use of the facility as a nonprofit. Take a look at “Option 2″ of the document (go to link),”transfer property to another nonprofit.” The advantage to keeping it so was listed as “maintaining property under city oversight and creates needed housing in a high value neighborhood.” But the drawback stated was “no revenue” presumably for the city.
The Allure Group purchased the Rivington House from VillageCare in 2015 for $28 million, paid the city $16.1 million to lift a restrictive deed, then sold the property to developers Slate Property Group, China Vanke Co., and Adam America Real Estate for $116 million earlier this year.
meanwhile, de Blasio was cracking jokes about it while attending the DNC.