Isn't the real story here that this family bought the building in 1996 and would stand to profit perhaps a hundred million dollars if they sold it today? The landmark status might cut that value dramatically, maybe by more than half. Isn't this a more likely reason for the lawsuit than "We won't be able to do exterior renovations as easily"? Wouldn't you be upset if the city devalued your property by fifty million bu…
Sure, but New York is not only for the property owners. I think it's good that we have a say in how our community develops. Think of it this way, without New Yorkers, this building would be worthless.
If you want to have a say in how the community develops, maybe don't limit your options for developing your community? If future New Yorkers decide they don't want this building turned into a modern skyscraper, they can reject the required applications for building permits at that time.
Or is it more about "old" New Yorkers trying to make sure new New Yorkers don't have a say?