Homeless Shelter Coming To Billionaire’s Row?

Billionaire's Row

A homeless shelter is slated to be opened on Billionaire’s Row, a stretch of New York City that is purported to be some of the most expensive real estate in the world.

The area that is located at the southern end of New York City’s Central Park will reportedly soon be home to a 150-bed men’s homeless shelter. After multiple rounds of litigation, a Judge recently gave the green light to the shelter’s opening at the former Park Savoy Hotel, located on 58th Street, near 7th Avenue.

Residents of the area attempted to fight the opening of the shelter in court stating that the building was unsafe for residency, would increase crime in the area, and would cause economic harm to the value of neighboring properties.

In light of the most recent judicial ruling, opponents to the shelter vow to continue to pursue an appeal. Meanwhile, according to news source Breitbart, social services Commissioner Steven Banks has stated that, “We will begin servicing our neighbors in need at this location as soon as possible.”

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