In the News: ”Kingston developer tries to exempt building from tenant protection law”

Stony Run is the largest complex protected by the ETPA. Its owner, Aker Companies, is trying a novel approach to change that

Published: May 14, 2025

A recent article from the Times Union discusses the potential exemption of the Stony Run apartment complex in Kingston from the city’s rent stabilization law. The piece features insights from Marcie Kobak, Director of Legal Services of the Hudson Valley, who questions the legitimacy of the exemption based on the building’s operations.

“The real question is whether Stony Run is truly operated exclusively for charitable purposes,” she said.

Read the full article on the Times Union:
https://www.timesunion.com/hudsonvalley/realestate/article/kingston-stony-run-tenant-protections-exemption-20325108.php