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October 19, 2005

Out of the Woods?

The Real Estate Observer
by Matthew Schuerman

Apparently there was no quid pro quo and no one lied. The entire issue about whether or not Forest City Ratner is paying for community support has been explained away by Ratner's PR guy — they forgot to issue a press release!

“When we provide funding for programs that are good then we should let the public know about that, and when we gave these organizations money after we signed the community benefits agreement, we should have put out a press release at that time,” Forest City spokesman Joe DePlasco told the Real Estate. “If you are trying to operate in an open enough way as possible, when you miss one thing, people will say, ‘Oh you missed one thing.’”

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Posted by lumi at October 19, 2005 6:00 PM