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June 29, 2007
The Ratner Clause
The Brooklyn Paper, publishes the first editorial that dares to mention the Atlantic Yards exception to the 421-a reform bill:
So how bad is the latest handout to Atlantic Yards developer Bruce Ratner?
The punch line to this joke is as long as your arm:
It is a handout to only one developer.
It allows Ratner to charge more for units that he designates as affordable.... So now Ratner is not only picking taxpayers’ pockets, he’s making the lower middle class pay more — while the most needy are locked out altogether.
It reveals the worst excesses of our insider-run, morally corrupt legislature in Albany.
It comes on the heels of hundreds of millions of dollars in handouts that line Ratner’s pocket.
Brooklyn Papers asks:
Will the government’s bailout of Ratner ever end?
That might be a joke too, only it's not funny.
Posted by lumi at June 29, 2007 12:18 PM