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March 31, 2007
Progressive Democrat Issue 115: NYC FOCUS: More Atlantic Yards Insanity
Mole333 is understandably upset over having New York City footing the bill to buy the land for Atlantic Yards.
Did you know that you are buying the land for Bruce Ratner to build his Atlantic Yards' project? Yep. That is what Michael Bloomberg wants, as I have previously reported. Ratner promised to pay $100 million for the land to build his project (the low bid, but being Pataki's friend apparantly compensated for his low bid). Guess how much NYC taxpayers are being asked to pay for land acquisition for Ratner? Yep...$100 million. We are buying the land for him. Feel free to tell your City Council member what you think of that.
Having the State move forward without ever having seen a business plan for the project only makes him madder.
It appears that Pataki and Bloomberg went full speed ahead with their support of Ratner, and the Empire State Development Corp. gave it glowing reviews...even though RATNER NEVER SUBMITTED A BUSINESS PLAN! That's right. The ESDC approved the project and Bloomberg is asking us to foot the bill but Ratner never submitted a business plan. Of course we only know this because Jim Brennan SUED to get access to the business plan.
Mole333 recommends taking action by attending the April 4 Spunk Lads reunion at Southpaw, which will raise funds for the Develop Don’t Destroy Brooklyn Legal Fund.
Posted by steve at March 31, 2007 8:36 AM