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May 2, 2008
Tax dollars paid for this mess
The Brooklyn Paper
By Mike McLaughlin
It's all true — according to the City Funding Agreement, taxpayers paid for Bruce Ratner's generous buyouts, and judging from this recent aerial photo, the neighborhood is a "mess."
According to the just-released funding agreement between the city and Forest City Ratner, the $100 million for “land acquisition” that the city set aside in 2006 will reimburse the developer for the private land he bought to assemble the project’s superblock.
That includes deals that made millionaires out of condo owners who agreed to sell to Ratner while the threat of eminent domain loomed.
The funding agreement was obtained by the Atlantic Yards Report, a Web site, which acquired it through a Freedom of Information Act request.
Posted by lumi at May 2, 2008 6:45 AM