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March 17, 2009

Second thoughts on yesterday's post: FCR's lobbying will continue

Atlantic Yards Report

Norman "oderizes" his own analysis of Atlantic Yards developer Forest City Ratner's lobbying efforts for 2008:

My point was that, even though there was much less going on with Atlantic Yards, the developer still spent a lot of money, only 20% less than the 2007 total.

But maybe there's another way to look at it. Forest City Ratner had to spend significant sums lobbying because there was much less going on.

Because questions of housing subsidies, city payments, and a contract with the Metropolitan Transportation Authority remain unresolved, the developer needs to lobby more than ever.

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Posted by lumi at March 17, 2009 5:58 AM