"A Likely Catastrophe Waiting to Happen": Local Resident and Engineer Sound Alarm on Billionaire's Unsafe Construction in SoHo
NEW YORK, June 16, 2023 /PRNewswire/ -- Today, local financier and SoHo resident Federico Pignatelli and architect Richard Donald held a press conference at Pier59 studios, sounding the alarm regarding what is believed to be an illegal and unsafe construction by Pignatelli's neighbor billionaire Ray Dalio in SoHo that is in serious danger of collapsing and harming local residents and passersby, as it is built resting on a 140-year-old wooden structure.
- "In my professional opinion, the construction built by Mr. Dalio and his team is structurally unsound," shared Richard Donald, President, RSD Engineering.
- "After conducting a close examination, the structure is not compliant with the NYC Building Code and lacks adequate lateral stability.
- It is sure an unsafe condition and potentially a catastrophe waiting to happen."
- "This is a systemic enforcement problem, and we cannot let reckless construction projects lead to conditions that jeopardize people's lives and livelihoods.