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April 30, 2008
Revisiting that May 2004 Daily News scoop about Ratner's generous buyouts
Atlantic Yards Report
BONANZA! Back in May 2004, the NY Daily News gave Ratner front-page props for his generous offers to homeowners in the footprint of his Atlantic Yards proposal.
Guess where Ratner got the money for the generous above-market buyouts — yup, taxpayers!
Norman Oder rewrites the article with the assitance of facts and hindsight:
Real estate tycoon Bruce Ratner is showing Brooklyn homeowners the money.
Revised: Real estate tycoon Bruce Ratner is showing Brooklyn homeowners taxpayers’ money.
He's turning residents of one building into instant millionaires so they'll go quietly - letting him knock down their homes to make way for his controversial $2.5 billion Nets arena and housing complex.
Revised: Taxpayer funds are turning residents of one building into instant millionaires so they'll go quietly - letting him knock down their homes to make way for his controversial $2.5 billion Nets arena and housing complex.
Read on...
NoLandGrab: The irony is that condo-owner Daniel Goldstein didn't take the taxpayers' money to sign a gag order and fade away. As a consequence, the building featured in the article is still standing.
Posted by lumi at April 30, 2008 6:22 AM