« Events: TODAY | Main | 666 Pacific Street: Will Evil Be Crushed? »
December 13, 2005
Ridge Hill could get state tax breaks
The Journal News
by Michael Gannon
YONKERS — Brooklyn developer Forest City Ratner may recoup from the state all of the more than $9 million in property tax payments it pledged to make as part of a compromise to win City Council support Friday for its $600 million Ridge Hill Village.
NoLandGrab: The deal in Yonkers reminds Brooklynites of what Cooper Union professor Fred Siegel said about Bruce Ratner in the Cleveland Plain Dealer's article about Metrotech: "He's the master of subsidy. No one does it better. That's not a flat-out criticism of him. It's just that he never builds without someone else taking the risk."
Posted by lumi at December 13, 2005 7:16 AM