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August 17, 2007

Stadtmauer Bailkin, Bruce Ratner, and the web of subsidies

Atlantic Yards Report

Norman Oder finds yet another revolving door, this one connecting Bruce Ratner, MetroTech, the law firm at which Bruce learned the fine art of the questionable subsidy, and that firm's work in securing a hefty chunk of public money for the new Yankee Stadium's parking garages.

The package of subsidies that have been pledged for Atlantic Yards are part of a pattern in large projects. A law firm specializing in wrangling such subsidies was where Forest City Ratner CEO Bruce Ratner got some key experience. And now that firm's behavior in a Yankee Stadium deal has been questioned.

Consider Metro's report July 30 on the questionable deal for parking garages at Yankee Stadium, and the web of insider connections:
At a Community Board 4 meeting last month, attorney Steven Polivy took credit for putting together the “private-public partnership.” Polivy works for Stadtmauer Bailkin LLP, which specializes in securing government subsidies for corporate clients. CIDC’s president, William Lowenstein, has had a long relationship with the firm.

That’s one of many backroom connections listed in a new report by watchdog group Good Jobs New York.


Posted by lumi at August 17, 2007 9:55 AM