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September 17, 2005
RATNER GETS SITE
The Brooklyn Papers reports:
The Ratner bid was less than half the value of the real estate determined by an MTA appraiser, and $50 million less than a rival developer’s bid.The approval was voted 10-1 by the MTA Board of Directors, which is largely appointed by Gov. George Pataki, a law school classmate of Bruce Ratner.
“The MTA and Ratner have treated taxpayers with disdain and have ignored the desires of the community,” said Daniel Goldstein, a spokesman for Develop-Don’t Destroy Brooklyn, which opposes the Ratner project and its dependence on the potential use of eminent domain seizures of private property.
“We know Ratner stands to make a huge profit on this project, something on the order of $1 billion, yet he is determined to rip off the straphangers of by nickel-and-diming them,” he said.
Posted by amy at September 17, 2005 11:23 AM