Judge Alvin Hellerstein ruled on Tuesday, June 22nd that the Stuyvesant Town/Peter Cooper Village property can be foreclosed upon. Judge Hellerstein also ruled that the property can be auctioned as a whole or as two separate entities. The special servicer for the property, CW Capital, will likely make a bid.

NYC Park Advocates contend that the city promised to return 25 acres of parkland that was destroyed in the process of building the new Yankee Stadium, but is actually only returning 22 acres. The city, however, claims that it is building back 32 acres. On Monday June 28th, the city will announce the completion of River Avenue Skate Park.

The Alliance for Downtown New York will reveal a plan for Water Street on Monday June 21st. The plan advocates better sight lines to the East River. The plan also proposes a more elaborate entrance to the waterfront, among other improvements.

The Port Authority of New York and New Jersey are still deciding whether Related Cos. or the Durst Organization will develop One World Trade Center. The decision was expected to be made on June 22nd but will now be made on July 29th instead. Reasons for the delay have not been made public.

The primary entry point into Brooklyn Bridge Park is closed for construction. Thus, pedestrians have had to share Furman Street with heavy vehicular traffic. The park entrance will be made accessible again in about two weeks.