There may be some high-flying developers and investors interested in buying Stuyvesant Town-Peter Cooper Village, but the underdog bidders to capture the public's heart of the sale might just be the tenants of STPCV themselves. Really: The Stuyvesant Town-Peter Cooper Village Tenants Association reports that tenants are interested in forming an investor group to make a bid. A tenants-investor group would try to preserve stability for tenants - both market rate and rent-stabilized. Now, how a group of tenants will get billions ready for a bid is another question, but it'll be interesting to see how the tenants fight the sale of the complex. City Councilman Dan Garodnick, who lives in Stuy Town-Peter Cooper Village, is working with the tenants' association (he even tried to visit all 100 buildings in the complex during his election run last year!).
The STPCVTA has prepared a fact sheet about the sale and how it affects tenants, for instance, "In pursuit of profit, such a buyer might change the layout of the property, remove green space, add stories on top of buildings or construct new buildings altogether." No kidding - the 80 acres that STPCV covers might be the most valuable thing about the deal.