Petitioner Aaron Gleich is a real estate developer who in 1980 proposed a major urban renewal project to officials of the City of New Rochelle. For the next two years he assembled a development team (architects, contractors, economic consultants) to work out the details of the proposed project. On May 18, 1982, Gleich was designated by the City Council in a unanimous resolution as the "qualified and eligible sponsor" of the project upon the express understanding that the...
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