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March 20, 2007
Fried Frank Wins Brooklyn 'Shell Game'
The Real Estate Observer
By Matthew Schuerman
And the award for "Largest Single Lobbying Contract in Albany in 2006" goes to...
...Bruce Ratner, for Atlantic Yards, the controversial development that's so great for New York that they can't help spending more money just for funsies.
The Real Estate thinks the big winner in all of this is lobbying firm Fried, Frank, Harris, Shriver & Jacobson, which received $656,520 for its efforts. Among other targets listed in its lobbying report are "acquisition of Atlantic Avenue railyards from MTA" and "acquisition of city-owned property at Atlantic Yards."
Apparently, Mr. Fried and Mr. Frank persuaded Forest City that it needed their help persuading the state and the city to do things that they pledged when they signed a memorandum of understanding (PDF) back in 2005, and for a sweet price.
In its registration letter filed with the state lobbying commission, Forest City agreed to pay up to $995 an hour for Fried Frank's services.
Posted by lumi at March 20, 2007 6:09 AM