December 22, 2006
NYMag’s Chris Smith Skewers NYTimes’ Coverage of Real Estate Mega-Deal
By D.J. Waletzky
The author, a life-long Prospect Heights resident and former Times employee, uses Chris Smith's harsh criticism of the Times as a starting point for his own assessment of the Greying Lady:
Chris Smith rails against the New York Times’ reporting on the proposed 22 acre development in Brooklyn’s Prospect Heights neighborhood as “three years of irresponsible, lazy coverage by the Times” and faults them for ignoring the corruption and scandal involved in the project’s shepherding through the political process.
The New York Times’ most recently profitable year was the result of a real estate deal with Forest City Ratner Companies, the publicly-traded real estate developers behind the Atlantic Yards project. Through Bruce Ratner’s political connections, the Times and FCRC had a swath of prime midtown real estate condemned by New York State and cleared to make way for a new 52-story headquarters for the Times, while selling their old Times Square HQ at a massive profit.
The NY Times has often been criticized for its coverage of and involvement with Ratner, and as FCRC’s latest and largest deal has received final approval from the state (just before Bruce Ratner’s law-school roommate, George Pataki leaves the Governor’s office), the Times declared yesterday that the three-year struggle between community activists and the company had been “capped.”
The Times article doesn’t even mention Prospect Heights, the residential brownstone neighborhood many residents feel will be destroyed in the process.
NoLandGrab: Norman Oder, of course, also noticed Smith's appraisal of The Times's coverage.
Posted by lumi at December 22, 2006 7:04 AM