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June 8, 2005
Ratner sweetens the deal
NY Daily News
by Deborah Kolben
Forest City Ratner leaked details about plans to relocate tennants to the News on the same day that Atlantic Yards detractors held a rally.
Ratner will offer all displaced tenants new apartments in one of his soaring Frank Gehry-designed towers for the same rent they now pay. Ratner also will pay for tenants to move to a new apartment nearby and subsidize their rent until they move back.
"I haven't heard of anybody offering any deal like that," said attorney M. Robert Goldstein, a condemnation expert. "And I've only been doing this for 55 years."
Ratner will announce the deal in upcoming weeks when he finalizes a community-benefits agreement with neighborhood groups.
NoLandGrab: In a transparent PR stunt, the Ratner PR machine leaked details of the still non-existent deal with tenants on the day of the rally, to a major daily publication that has provided New Yorkers with ongoing coverage of the Atlantic Yards development proposal.
Posted by lumi at June 8, 2005 6:20 AM