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June 8, 2007

Big bucks to get action in the big city

NY Daily News
By Lisa L. Colangelo

If you're wondering how deals get done in NY State:

The cost of lobbying in the city continued to skyrocket last year as lobbyists earned more than $44 million in fees, according to a report released yesterday.

Forest City Ratner, the developer of the massive Atlantic Yards Project in Brooklyn, spent more than $1.1 million on lobbying. Yankees officials, who had been seeking approval for their new stadium, also spent about $321,000, according to the report by the city clerk's office.

Forest City Ratner spread its $1.1 million among several lobbyists as it pushed for approvals for its massive project, which includes a basketball arena for the New Jersey Nets, as well as apartment and office buildings.

Overall fees spent on lobbying have more than doubled since 2001, when the total amount was $20 million, records show.

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Posted by lumi at June 8, 2007 8:06 AM