(DNAINFO)  Caroline Spivack | August 11, 2017 — Facing bankruptcy, the longtime owners of Kensington Stables hope to reach an agreement with the city by the end of the month to sell the family-run operation in the hopes that they can be hired back as the operator after a major renovation.

A new city-owned facility could add therapeutic riding and possibly become a homebase for mounts for Parks Enforcement Patrol officers, said Councilman Brad Lander, who is backing a plan to use $1.5 million previously set aside for the construction of a public riding ring in the Prospect Park parade grounds.

The tentative plan from city officials would need to undergo the uniform land use review procedure (ULURP), including a public review and City Council approval.

At the same time, neighbors will likely be faced with a request to rezone the adjacent property to make way for two multi-use towers from a developer not affiliated with the stables project.

Property owners at 57 Caton Place aim to file a rezoning application to construct a pair of nine story buildings with a ground-floor marketplace and roughly 107 units, said Marcie Kesner, a land use counsel for the building’s owner.

Source: Kensington Stables Sale to City Expected by End of Month, Owner Says – Windsor Terrace – New York – DNAinfo