King: 500 Baychester developer sees the light Vol. 55 No. 6
Saturday, February 8, 2020
$1.25
Turbine monopole to become ‘beacon’ for Co-op City
The LED signs at 500 Baychester Ave. will soon be a thing of the past, and the 200-foot monopole that once hosted an ill-fated wind turbine will become what City Councilman Andy King called a “beacon” for Co-op City. Flanked by state Assemblyman Michael Benedetto and state Sen. Jamaal Bailey — with Riverbay Board directors also in attendance — King made these announcements Feb. 6 on the sidewalk in front of 500 Baychester Ave., signaling the apparent end of years of hostility between the property’s developer, 500 Baychester LLC, and local residents and elected officials. “We’ve decided to make [the monopole] some kind of art piece with lighting that will signify where Co-op City is on the map,” Councilman King said. “So, on any given day … this pole will be lit up with [themed] colors.” While Mr. King put a lot of gusto into his announcement, not everyone was excited over the idea of a monopole art installation. Riverbay Board First Vice President Bernard Cylich told the Co-op City Times there was another fate for the turbine monopole he would have preferred to hear. City Councilman Andy King, right, held a press conference Feb. 6 outside 500 Baychester “While I welcome the concession by the owner of the property at 500 Baychester Ave. to announce a set of developer consessions. State Assemblyman Michael Benedetto, Ave. not to attempt to put another wind [turbine] or giant billboard on top of left, and state Sen. Jamaal Bailey flanked King at the event. Photo by Toriea McCauseland the unsightly pole,” Mr. Cylich said, “I nevertheless have serious reservations about him not dismantling the pole altogether and surrounding it now instead with lighted art.” The battle over ever-escalating apparatuses built on the lots at 500 Baychester started with a small LED disBY TORIEA McCAUSELAND play sign on one end of the property, followed by a 60Averil James-Bonnette, who joined Riverbay Corporation in September 2015 foot, tri-sided LED sign that shone into some Co-op City apartments day and night. The city — which said as its director of Internal Audit, is now the new Assistant Director of Finance the larger sign was too close to Interstate 95 — and for the Riverbay Corporation. local residents and officials were already battling the As a division of the Finance Department, accounts receivable is responsible for collecting carrying charges. According to Ms. James-Bonnette, the bulk of 500 Baychester developer in courts both judicial and the corporation’s money is generated from shareholders’ carrying charges. She of public opinion when, over three days last December, said, “We have to account for that; this is one of my many responsibilities.” a 200-foot monopole was built in the center of the strip As for her plans in her new role, Ms. James-Bonnette wants to focus on imof businesses at 500 Baychester, followed by a 40-foot proving customer service and internal processes. She said: “We have to look wind turbine on top of that. The turbine, by all accounts, was the last straw. at processes and improve customer service and how we serve shareholders. As part of accounts receivable, we often encounter shareholders – this is where Co-op City residents, officials and local politicians they come to pay carrying charges.” all vowed to do something about the wind turbine (Continued on page 4) Whether cooperators stop by the main no one saw coming but were pretty sure, without Averil James-Bonnette even consulting a guideline or local law, it shouldn’t be there in the first place. Mother Nature decided to take matters into her own hands. BY JASON CHIREVAS
Former Internal Auditor now serves Riverbay Corporation as its new Assistant Director of Finance
Riverbay Corporation’s new Internal Auditor
Former Senior Auditor at New York City Department of Parks and Recreation, Jason Shand, joined Riverbay Corporation’s Internal Audit department in February 2019, and is now the new director of the department, following Ms. Averil James-Bonnette’s promotion as the corporation’s new Assistant Director of Finance. The internal auditor reports directly to the Riverbay Board of Directors and the Audit Committee of the Board. According to Mr. Shand, as an independent unit of Riverbay, Internal Audit is “charged with oversight and responsibility for evaluating the effectiveness of the corporation’s governance, risk management, and internal control processes.” He stated that while improving the functions of the business, the audit department not only has to deal with monetary or performance issues, but also efficiency, productivity and compliance with laws. “We’re here to help safeguard resources and funds,” he said. (Continued on page 4) BY TORIEA McCAUSELAND
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Senior Art Gallery
Jason Shand
CB10 to discuss Penn Station access The Municipal Services Committee of Community Board 10 will meet with representatives of the MTA and Metro-North Feb. 12 at 7:30 p.m. for an update on the Penn Station access project, which will include building a Metro-North station in Co-op City’s Section 5. The meeting will be held at CB10’s office, 3165 East Tremont Ave. Phone: 718-892-1161. Email: bx10@cb.nyc.gov
The African-American Association of Co-op City’s 23rd Annual Black History Month Black Film Festival took place on Sat., Feb. 1, in the Bartow Center. Guests enjoyed a showing of Academy award winning, “Green Book,” while paying tribute to notable persons of color. (See more art on page 5) Photo by Brandon Ortiz