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October 22, 2009
It came from Noticing New York
Michael D.D. White seems to have caught a case of Oderitis.
On a present value basis the value of all the name rights the city and MTA (and Empire State Development Corporation) are letting Ratner walk away with are worth about $375 million. According to the city’s complaint against the LeRoy family, the trademark for the Tavern on the Green name (with an “estimated value of $19 million”) was “‘obtained fraudulently and without the city’s `knowledge or permission’ in 1981.”
Without the city’s “knowledge or permission”? Well maybe the best way to rob the city blind is to do it right in front of the city’s face the way Ratner did.
Comment On What Is Going on With Assemblyman Hakeem Jeffries: Two Things We Hope He Remembers
In the comment the assemblyman has issued available on Atlantic Yards Report Mr. Jeffries has already indicated he has not forgotten Atlantic Yards’ abuse of eminent domain.
Two other things we hope Jeffries knows should be remembered:
1.) The housing portion of the community benefit agreement provides substantially no benefit and should be considered a fraud upon the community.
...2.) The mega-monopoly needs to be broken up into parcels that will be distributed by bid to multiple developers replacing Forest City Ratner.
This Is Rich! Looks Like Bloomberg is Making History.
Mr. Morrone mentions that Teddy Roosevelt ran for mayor. Teddy Roosevelt may have been wealthy (and he didn’t get to be mayor when he ran- he came in third) but we remember Teddy as a reformer. We remember Teddy as the “trustbuster” who didn’t believe in monopolies (including the sugar trust). But whose side is Bloomberg on? One pretty good indication: Bloomberg is a man who fights for monopolies like Atlantic Yards that are disastrously draining our dwindling public coffers.
Posted by eric at October 22, 2009 3:52 PM