Week by Week: August 29
Aug. 29, 2016 — This week we'll tell you about an uncivil war in a Lower East Side co-op – and why board service, though thankless, can be rewarding.
The board at the Seward Park co-op switched from park-and-lock to valet parking to shorten the waiting list and raise revenue – only to get stung by a shareholder backlash.
Here's a co-op board Help Wanted ad: Someone willing to work long hours while shouldering enormous financial responsibility and listening to angry neighbors. Bonus: no pay.
In Week by Week, sponsored by Rudd Realty, we'll give you a case study of how the best intentions can go awry, just one illustration of why board service can be such a daunting challenge.
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