Posted on 05/01/2026 6:29:24 PM PDT by lowbridge
A top Co-Op City official warned that residents could pay four times more in monthly maintenance charges if New York State’s controversial green-energy laws aren’t peeled back.
Jeffrey Buss, Co-Op City’s general counsel, claimed monthly maintenance fees could skyrocket from $950 for a one-bedroom to more than $4,000 to pick up the tab for the edicts.
Some 50,000 working and middle class residents of The Bronx complex, which is America’s largest residential cooperative, could see their affordable digs become unaffordable if the co-ops are forced to dish out as much as $1 billion to rewire buildings and revamp infrastructure, he said.
“Carbon reduction is important,” buss said. “But you can’t achieve it by destroying affordable housing,”
Co-Op City, developed in the 1960s under a state affordable housing initiative, has an on-site power plant fueled by natural gas that helps supply electricity, heat, hot water and air conditioning to the development’s 15,372 residential units across 35 high-rise buildings and seven townhouse clusters through 26 miles of pipes.
That’s all included in the co-ops’ monthly maintenance fees, but if the buildings have to shift to other sources the complex may have to pay for energy costs “at a price which would exceed existing costs by nearly 500% per year,” he said.
Its power plant is so efficient that the Riverbay Corporation, Co-op City’s corporate entity, sells its surplus gas to Con Edison.
“It’s a genius system. We’re highly efficient from an energy standpoint,” Buss said.
But the state’s Climate Leadership and Community Protection Act of 2019, coupled with a city green energy law, would force Co-Op City to shut down its natural gas power plant and replace it with carbon-free clean energy sources such as wind, solar, hydropower and battery storage, he said.
(Excerpt) Read more at nypost.com ...
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It’s just a money GRAB
Hahaha. But just think the warmth they will have from collectivism and net zero carbon while they freeze in the dark.
As I have heard so many times now, “This is what they voted for”.
They want illegal alien invaders in and they want older people on social services out - even chasing them out of the state.
A huge increase just happened to me in the industrial building Ilve been renting for 15 years. The owner died and it was turned over to a commercial collection of jerks. They doubled the rent out right and then added another 1/2 for non existent “triple net.” That’s a lot to absorb so moving away. It’s not worth the work at my age any more. Especially in a lib state. Taking care of mom and can’t wait to get back to Idaho.
Everyone in Co-op City, voted for the Dems so they are getting what they voted for,
Don’t change a thing.
Commissar: (steely-eyed) There was living space for 13 families in this one house.Regards,Dr. Zhivago: (naively) Yes, this is a better arrangement, comrades. More just.
“But you can’t achieve it by destroying affordable housing,”
Oh yes you can and must.
The eurth is our top priority
Maintenance fees of $950 a month is asinine. I don’t spend that a month on my home and I do all the maintenance and lawn care.
I’m so happy I left that Godforsaken state.
Boy, what a plan! Jacking up the cost of this by 500% so as to meet a “green energy” plan that we pretty much know by now never works out to any satisfaction.....now that’s really using your head for a hat rack. Is this one of Momdani’s brainstorms?
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