Two items:

A Wall Street Journal  report:” Chinese Developers Reassess U.S. Projects: Headwinds emerge as Beijing plans to tighten rules on investment capital leaving the country “

The neighborhood is NOT ‘confident’ that this proposed “luxury project is a great addition to LES”.

Particularly those who need this facility right now: the elderly & others in desperate need of 24/7 skilled care.

And particularly those who called this AIDS nursing facility their home.

And particularly those almost 300 1199 workers who devoted their work lives to this place/these residents.

We miss our neighbors. We miss being the community that welcomed those living with AIDS/HIV especially in this week of honoring that struggle.

“In New York, Shenzhen-based China Vanke Co. faced a setback earlier this year after a joint venture with two local developers, Slate Property Group and Adam America Real Estate, to build luxury apartments on 45 Rivington St. stalled.
The consortium in February paid $116 million for the project to Allure Group, which had managed to remove a controversial deed restriction that would have allowed the former nonprofit nursing home to be converted into for-profit apartments.
An outcry over the transaction prompted investigations by the New York City comptroller, Department of Investigation, federal prosecutors and the state attorney general into the circumstances that led to the deed change.
The project is now at a standstill. “There are a number of complications that could arise in any development project… said Kai-yan Lee, managing director at Vanke Holdings U.S.A.
The joint venture investors said they look forward to moving ahead as soon as the city concludes its review. “We have every confidence that the project will be a great addition to the Lower East Side community,” said a representative for the joint venture, Rivington Street Investors.”

And from the Lo-Down (who broke the story) One Year Ago Today:

“Rivington Street Nursing Center Closes Next Week; Relocation Anticipated”

From Winston Churchill (who knew a thing or two about so-called ‘hopeless battles”):

“Never give in, never give in, never; never; never; never – in nothing, great or small, large or petty – never give in except to convictions of honor and good sense”

“The pessimist sees the problems in every opportunity. Whereas the optimist sees the opportunity in every problem”