City Council votes on the issue next Wednesday, but there's no chance without Chin's support.
And has anyone actually seen the bank's plans?
Per Save the Lower East Side:
The bank that owns 135 Bowery hasn't submitted its affordable intention in writing. The bank hasn't shown any affordable rent rates; the bank hasn't produced any legally binding contract for this promised affordable commercial space or any indication how long the leases would remain affordable, or even any binding document whatsoever showing their intent. All we have is the word of the bank. (What do you think that's worth?)
Any bets that 135 Bowery becomes luxury housing?