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July 2, 2008

Does Beekman “blackmail” presage AY subsidy push?

Atlantic Yards Report

Even though Forest City Enterprises CEO and Bruce Ratner's cousin Chuck Ratner declared to investors, "We still need more” subsidies for Atlantic Yards, you don't really think that the Ratners would actually threaten and blackmail local government officials to make sure they got their way?

Once upon a time, "Bruce Ratner said that the project 'will be almost exclusively privately financed,'" and consider that the "Atlantic Yards project is not, however, as far ahead as Beekman Tower, which already has financing." Nevertheless, tantalizing clues remain.

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Posted by lumi at July 2, 2008 5:32 AM