Offered $54 Million for Air Rights, Co-op Says ‘No Thanks’

The former Bialystoker Center & Home for the Aged, left, next to the Seward Park Cooperative, where developers planned to build a pair of tall towers, in New York, June 7, 2018. The board of the Seward Park co-op said the developers' $54 million offer for air rights had failed to win approval from residents, in what some shareholders said was a symbolic message about overdevelopment. (Kholood Eid/The New York Times)