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December 20, 2007
Ratner’s ‘Mr Brooklyn’ deal gets sweeter
The Brooklyn Paper
City University is offering to sweeten its deal with developer Bruce Ratner, The Brooklyn Paper has learned.
Last month, CUNY’s Board of Trustees voted to pay Ratner $307 million to build a new 11- to 14-story laboratory and classroom building for City Tech in Downtown Brooklyn — a whopping $221 million more than the $86 million the university system originally offered the developer in 2004.
The request for additional cash will be taken up by the state legislature next month.
In addition to the fee for constructing the new college building, Ratner would also get control of a lucrative site on the southeast corner of Jay and Tillary streets — a Downtown plot where he is reportedly planning the city’s tallest residential tower, the so-called “Mr. Brooklyn.”
Posted by lumi at December 20, 2007 8:43 PM