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September 28, 2006
The CBA is Dead, Long Live the CBA
The Real Estate Observer
Last year Mayor Michael Bloomberg hailed the Atlantic Yards Community Benefits Agreement as historic. Then every overdeveloper who needed the cover of community support was cutting deals with whomever would sign on the dotted line. Bloomie put the kibbosh on the free-for-all once he realized that CBAs were circumventing the City's role in determining the pros and cons of large-scale developments. But now CBAs are back and the Mayor wants in.
Reporter Matthew Schuerman can't cure your whiplash, but he can explain what's going on.
Posted by lumi at September 28, 2006 8:23 AM