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October 1, 2005

BUILDing Blocks


Matthew Schuerman of The Real Estate Observer gets his gumshoes on and does some real investigative journalism to get to the root of the astroturf...

BUILD and Forest City Ratner deny that any money has changed hands or pledges have been made. Erima told The Real Estate today that he included Forest City’s name and the $5 million figure because under the Los Angeles airport community benefits agreement, one of the few such agreements in existence, a single corporation—Los Angeles World Airports--is paying for the job training at the rate of $3 million a year.

During subsequent negotiations with Forest City Ratner on the Atlantic Yards CBA, Erima said, “We found out that they would not be willing to be the sole funder.”

Erima was admitted to the New York State bar in 1999. His registration, under his old name, Sharai Elegba, is currently delinquent, which means that he cannot legally practice law--although that does not mean he cannot fill out tax forms.


Posted by amy at October 1, 2005 9:50 PM