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October 14, 2009
New York MTA Broke the Law: Suit
New Terms for Rail Sale Disputed
Bond Buyer
By Ted Phillips
The Straphanger's Campaign just joined the cast that has been fighting Bruce Ratner's controversial Atlantic Yards project, when it filed suit against the MTA. Why join the fray at this time?
“We think the MTA agreed to a pretty rotten deal with Forest City Ratner that produces little money for the transit system and that hurts the riding public,” said Gene Russianoff, staff attorney for New York Public Interest Research Group’s Straphangers Campaign. NYPIRG, a public advocacy group is party to the suit. “They didn’t do what we think state law requires.”
...
Russianoff said the Straphanger’s campaign doesn’t have a position on the Atlantic Yards project but would like to the land be reappraised and its sale opened to a competitive process. The Straphanger’s main concern is that the cash-strapped MTA get a fair price for the yards to help finance its capital plans, he said.
Posted by lumi at October 14, 2009 5:56 AM