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April 24, 2006
BLOOMBERG MOVES TO TARGET COMMUNITY BENEFITS AGREEMENTS
NY Sun, NEW YORK DESK
Community Benefits Agreements, like the one Forest City Ratner signed last year, have proliferated and are causing frustrations amongst City officials and community groups, as calls to rein in these side deals are growing louder.
Mayor Bloomberg may soon be targeting community benefits agreements, the lucrative payment deals that developers have agreed to with local leaders to assuage public opposition to major projects. An administration official told Crain’s New York Business this week that the mayor is evaluating the agreements and may unveil a policy on how they should be negotiated. The New York Yankees recently signed a community benefits package with Bronx leaders involving their plans for a new stadium,leading Queens lawmakers to demand a similar pact from the New York Mets on a proposed replacement for Shea Stadium.
Posted by lumi at April 24, 2006 11:30 AM