Audit of Tracey Towers Repairs Warranted, Say Residents
Over the last four years, Tracey Towers underwent a $40 million renovation by its building management firm following an incremental 62.5 percent rent hike imposed on its residents. It was considered the largest investment for a Mitchell-Lama residence such as Tracey Towers, home to some 3,000 residents. Upgrades went towards electrical circuit boxes, kitchens, intercoms, bathrooms, carbon monoxide and smoke detectors. But complaints still persist, which compelled 80th Assembly district committeeman Kenneth Agosto to directly ask New York City Comptroller Scott Stringer to conduct a detailed financial review of the tower through a forensic audit. Stringer had scheduled a
