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June 30, 2007

Bloomy slams “Ratner carve-out”

The Brooklyn Paper
By Ariella Cohen

Bruce Ratner “doesn’t need” the massive public subsidy handed to him by the state Assembly last week, Mayor Bloomberg said on Friday — and called for Gov. Spitzer to block the legislation.

In slamming the Assembly handout — which the mayor estimated would cost taxpayers $300 million, not the $175 million originally estimated by government watchdogs — Bloomberg has joined the chorus of advocates, legislators and Atlantic Yards opponents condemning the amendment that would give special treatment to the mega-developer.

“[The bill is] going to hurt the very people that everybody talks about helping and gives some tax breaks to a developer that doesn’t need them and which we didn’t have to do,” Bloomberg said on his weekly WABC radio show on Friday morning.
Bloomberg has been an outspoken supporter of the $4-billion residential, arena, office and retail complex. His criticism of the subsidy handout is the first time he has publicly opposed a proposed tax break for the powerful developer, a former city bureaucrat and a college buddy of former Gov. George Pataki.


More coverage from Atlantic Yards Report: Bloomberg calls for 421-a veto, says Ratner "doesn't need" tax break

Posted by amy at June 30, 2007 11:31 AM