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October 8, 2009

Did KPMG consider the Kahr report? Maybe after the fact

Atlantic Yards Report

Now that we know the KPMG Atlantic Yards market study for the Empire State Development Corporation (ESDC) takes a far more optimistic approach than the report by consultant Joshua Kahr for the Council of Brooklyn Neighborhoods, the question is: did KPMG consider Kahr?

"Can you explain, did the KPMG report respond specifically to the Joshua Kahr report?" I asked ESDC Senior Counsel Steve Matlin after the September 17 ESDC board meeting.

"The KPMG report was commissioned before we--certainly before I saw the Kahr report," Matlin said. "We did share it with KPMG. To what extent they looked at it and--they certainly didn't respond to it directly, but I'm sure they looked at it."

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NoLandGrab: Is Matlin sure he's sure? 'Cause the conclusions are wildly different. Didn't these guys learn their lesson from Enron?

Posted by eric at October 8, 2009 9:44 AM