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September 3, 2007

FCR goes Caribbean, supporting parade, exhibit (& more)

Atlantic Yards Report

Norman Oder covers the "Atlantic Yards Permanent Campaign." Forest City has attached its name to the West Indian Day Parade and the Infinite Island exhibit at the Brooklyn Museum, a Downtown Brooklyn basketball clinic and a televised concert: "Tribute: A Concert Honoring the Teachers of America."

This helps make Forest City look awfully generous, but, rest assured, New Yorkers are the ones ultimately footing the bill:

A mix of corporate citizenship and the Atlantic Yards permanent campaign, such support comes a lot easier for Forest City Ratner when Atlantic Yards gets an extra $105 million from the city and a special tax break worth up to $200 million.

Link

Posted by steve at September 3, 2007 9:10 AM