Let the spin begin!
The New York Daily News begins the march of condo lovers with this missive about LICH and Mayor deBlasio’s attempt to prevent its closing:
NYDN: Remember that Long Island College Hospital “rescue” that Mayor de Blasio announced back in February?
Well, now it’s official: LICH is being closed and sold to real estate developers.
The State University of New York has reached an agreement with LICH’s buyer, Peebles Corp., that will keep the emergency room going and nothing more. The bulk of the Cobble Hill facility will be converted to apartments.
Which is pretty much exactly the deal that SUNY tried to do last summer — only to be stymied by then-Public Advocate de Blasio, who sued to block the transaction, helping to cost SUNY $13 million a month.
The legal settlement that de Blasio hailed in February was supposed to keep LICH alive — by imposing bidding rules that favored would-be hospital operators. But not even that rigged system could change the facts: Brooklyn has more hospital capacity than needed, and keeping LICH open was in no way financially feasible.
In the end, what de Blasio & Co. really accomplished was wasting a lot of time and money.