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February 6, 2008
Forest City Ratner admits lie (well, "mistaken") about inflated AY revenue claim
Atlantic Yards Report
Is it possible that Atlantic Yards developer Forest City Ratner is not only prevaricating to the public and press, but also to the courts?
Norman Oder examines the record:
They thought they could get away with it. Three times.
In three legal documents in the lawsuit challenging the Atlantic Yards environmental review, two Forest City Ratner officials and an FCR lawyer claimed that the Atlantic Yards project would generate $5.6 billion in new revenues and/or $4.4 billion in total revenues. They attributed those highly speculative estimates to the Empire State Development Corporation (ESDC).
However, no such figures appear in the ESDC's Final Environmental Impact Statement (FEIS), as claimed.
Read about the paper trail of lies, Ratner's lawyer's admission of the "mistake" and how there has been no real "attempt to account for the public costs that the project would incur."
Posted by lumi at February 6, 2008 5:57 AM