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November 30, 2006
Newark City Hall Receives Subpoenas Over Land Sales
If Bruce Ratner wanted a free ride, he should have sowed some seeds in Newark.
From yesterday's NY Times:
Federal agents investigating the finances of the administration of Newarkâs former mayor, Sharpe James, have subpoenaed City Hall for records on the discounted sale of city properties to some of his closest supporters, people who have seen documents related to the inquiry said on Tuesday.
NoLandGrab: Though he was the lowest bidder, Bruce Ratner has struck a deal for the railyards for well under market value. He also secured the rights for the Atlantic Terminal building from the MTA for free. But unlike in Newark, these deals are legal(?).
Posted by lumi at November 30, 2006 10:22 AM