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August 10, 2009
Bruce Ratner Has Been a Busy Beaver Trying to Save His Supposed "Done Deal"
Develop Don't Destroy Brooklyn
Charles Bagli at the Times tells us what a desperate busy beaver Bruce Ratner has been over the past months, travelling to Moscow for money, city hall and Albany for subsidies, and bond rating agencies (wherever they hang out) in order to get his Atlantic Yards proposal off life support.
We and Bagli and many others have been down this road before: Bruce opens mouth, stuff comes out and then none of it pans out. Why believe him this time? We don't. It is especially funny to read that Bruce hopes to build more "affordable" subsidized housing than required. Why funny? Because subsidized housing is ALL Ratner can build right now and the money wouldn't have to come out of his pocket. Of course he wants to build more of it.
...Remember, it was on May 15th that Bruce told the world that his dying project had jumped its "last hurdle." Then why all of this scurrying about?
Posted by eric at August 10, 2009 5:35 PM