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April 1, 2009

FCR third in city lobbying; is spending about documents or about advantage?

Atlantic Yards Report

According to research by The Real Deal, Forest City Ratner ranked third among developers in city lobbying expenditures in 2008, spending $555,741, including $500,741 on Atlantic Yards.
The Real Deal quotes a watchdog with a rather gentle bite:

Dick Dadey, executive director for watchdog group Citizens Union, said the expenses were not surprising, but rather highlighted the complexity of filing documents for large development projects.

"The figures just reflect the true cost [of] when a developer needs to engage government action on their projects," he said.

Actually, in the case of Atlantic Yards and perhaps other projects, the lobbying figures reflect not the filing of documents--the project has already been approved--but the effort to shape the deal after the fact. And that should be disturbing, because there's relatively little oversight by legislators and city agencies to explain what exactly the developers are seeking.


Posted by lumi at April 1, 2009 6:17 AM