Another Civil War Erupts Over a Lack of Transparency

If there’s one word that can spark a fire-fight inside a co-op, surely that word is “transparency.” We told you in our June issue about a highly uncivil war – and legal battle – that has broken out in the Seward Park co-op on the Lower East Side over the board’s decision to switch from park-and-lock to a valet parking service. The 11-member board presented the switch to shareholders as a done deal. Many were incensed that they had not been consulted – that the board had not been transparent.     Read the article…………