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October 2, 2008
Are You There God? It's Us, Cleveland
Cleveland Scene
By James Renner
Over and over again, Forest City Enterprises's blatant backroom dealing demonstrates that the company is untouchable and that no one of any importance or power really cares when the tax payers get ripped off.
Here's more proof from the company's hometown of Cleveland:
Last week, we learned that the Northeast Ohio Regional Sewer Board paid Sunrise Development $1.55 million for some contaminated land that the company had purchased for $200,000.
[Ka-ching!]
Sunrise apparently is a subsidiary that Forest City uses to buy up toxic properties to sell to politicians who owe Miller favors for the thousands he injects into their campaign treasuries. Sunrise also purchased the property where the new juvenile courthouse is being built for $383,000 and sold it back to taxpayers a year later for $2.75 million. (Jimmy Dimora, who has collected tens of thousands of dollars from Miller and the Ratner family, was instrumental in that deal.)
[Ka-ching, KA-CHING!]
Posted by lumi at October 2, 2008 4:31 AM