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September 29, 2005
Snake in the 'grassroots'
Juan Gonzalez of the NY Daily News breaks a big story about BUILD and Ratner funding.
A nonprofit group that spearheaded neighborhood support for the huge $3.5 billion Atlantic Yards housing and commercial development in Brooklyn, reported to the IRS in January that virtually all its $5million budget for 2005 and 2006 was coming from Forest City Ratner, the project's developer.
Gonzalez reports that one officer of BUILD reported income of $125K and two others reported $100K on the IRS form.
True to form BUILD and Ratner deny the entire article.
NoLandGrab: Brooklynites have been wondering where BUILD has been getting its money. DDDb has been holding bake sales while BUILD is making bank?
Posted by lumi at September 29, 2005 10:39 AM