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May 31, 2006

The Real Estate Observer: Two-for Wednesday

Mind Bender

Congrats to The Real Estate Observer for two mysteries solved in one swell foop!

1) Why are South Brooklyn politicos Kruger, Golden, Fidler and Nelson big on Atlantic Yards? Like, what's in it for them?

2) Why is Bruce Bender a key part of the Forest City Ratner team? It definitely isn't to coin more Benderisms.

We had been wondering why so many politicos from the deep south of Brooklyn had endorsed Forest City Ratner's Atlantic Yards project. State Senators Carl Kruger and Martin Golden and City Council Members Lew Fidler and Mike Nelson all wrote letters of support last summer to the M.T.A.

We wondered, are these guys all for it because their constituents are going to get some of the jobs targeted to "the community" that the arena complex is supposed to help? Or do they just happen to have a lot of Nets fans living there?

Then we hit upon a map for the 59th Assembly district, which is governed by the Thomas Jefferson Club, the Democratic clubhouse whence Bruce Bender sprang.

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The Riches of Fleet Street

The Real Estate Observer is pretty damned impressed with the deep pockets at The NY Times, after Atlantic Yards Report carried news from Editor & Publisher that the NY Times Corporation has agreed to spot Ratner 119.5-million clams towards the new Times Tower if the real-estate barron of Brooklyn can't come up with it himself.

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Posted by lumi at May 31, 2006 10:02 PM