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November 27, 2005

Forest City

If you are interested in the history of Forest City Enterprises, check out this week's Cleveland Plain Dealer. It includes such gems as:

The Ratner Family Tree

Developer generous to politicians

Public money paves the way for projects

The company learned how to tap into an arsenal of public subsidies: tax abatements, tax-increment financing, historical tax credits, grants and low-interest loans. Getting the most that it can out of the public sector has become one of Forest City's hallmarks.

Cleveland developer John Ferchill said he's "never seen a better company when it comes to getting public money. I wish I was that good."

Oh, and in case any of you with million dollar lofts or businesses in the footprint are wondering, one of FCR's major projects includes "10 rundown blocks in Brooklyn, N.Y."

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Posted by amy at November 27, 2005 10:59 AM