Yonkers goes after HUD loan defaulters to recoup debts
Web linksForeclosures in the Hudson Valley
The City of Yonkers wants developer Robert MacFarlane to pay up.
MacFarlane bought 16 acres of land on Alexander Street for $40 million in 2004, with plans to build a mix of offices and townhomes on the contaminated site, where Phelps Dodge once manufactured submarine cables.
His company, Homes for America Holdings, spent more than $33 million to clean up surrounding brownfields, which...