A subsidized-rent high-rise on the Newport News waterfront, tagged as a rundown hot spot for crime by city officials, still looks like a good investment to the Boston developer that wants to invest more than $20 million to buy and modernize it.
Meanwhile, city officials' opposition to a renovation and their criticism of the building and its residents has upset the largely elderly and disabled residents, the building's manager said.
City Manager Jim Bourey has said he wants to phase out Ivy Tower, long known as The Towers, the 140-unit high-rise at the end of Ivy Avenue.
