February 24, 2009
It came from the Blogosphere...
The New York Observer reports that questions of transparency and favoritism loomed large: "Nobody cared if Ratner was going to benefit to the tune of a trillion dollars or one billion," [plaintiffs' attorney Matthew] Brinkerhoff said. "This is something that his company has zealously guarded for years."
Eminent domain arguments aside, the [Atlantic Yards Report] post reminds us of what an untransparent, back-room deal the MTA deal was: First, the MTA announced it would sell to Ratner, then it went through the motions of issuing an RFP; when Extel Development bid $150 million for the Yards versus Ratner's $50 million, the MTA gave it to Ratner anyway. Nice.
In the comments section, "bkn4life" shares his own observations after attending the hearing.
Posted by lumi at February 24, 2009 4:44 AM