746-750 Nostrand, former Black Lady Theater, Sold at Auction

If the risk of nepotism means the community has more control I might be persuaded that way.

I find that I am rarely part of the communities supported by nepotism.

My interests usually differ from theirs.

I try to maintain a healthy skepticism, but cynicism I try to avoid.  

A publicly vetted trust, under the scrutiny of the Mayor, the City Council, and the Public Advocate, is going to have a hard time giving properties to insiders.  

Some level of self-dealing will occur, but as our founding fathers enshrined in the federal constitution, checks and balances can help eliminate the most egregious abuses.

Under the current system, tax liens are sold to for-profit investors on properties such as The Black Lady, Imani Garden, and a lot of other properties that really deserve special treatment if they are to be preserved for the community.

A little bit of nepotism can be a good thing. It some nepotism keeps things like the Black lady Theater or really great small businesses in place, I like that kind of nepotism. I'm more put off by the nepotism that results in things like Trump Towers or Duane Reades trouncing all over the place.

As a result of spending decades in the nonprofit sector, I can get nepotism funding with the best of them.

...but I'd rather the funding be allocated through a process that actually pursues "value" as opposed to "votes".

So far the redesign looks great.  It really opens up the block and makes it look  more dynamic.

Really interesting, what is the short/long term plan for the space?  Does anyone know?

There is an event there this weekend

http://patch.com/new-york/prospectheights/crown-heights-black-lady-continues-its-renaissance-another-event-nov-5

Does anyone know the status on the Black Lady Theater or what is going on? I thought it was sold at auction...but looks like an active reno site.

Perhaps the investor leased it to the operators for a really long time.

...so long that they have decided to put the work into it.

Grand opening:  

https://www.dnainfo.com/new-york/20170510/crown-heights/black-lady-theater-opening-crown-heights

http://brooklynink.org/2017/10/11/56078-crown-heights-the-show-goes-on-at-an-iconic-theater-despite-ownership-issues/