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November 18, 2009
BALDC?
Develop Don't Destroy Brooklyn
Norman Oder reports that the ESDC subsidiary the Brooklyn Arena Local Development Corporation———the What??! Yes, the BALDC was formed months ago but you never heard about it because its establishment was not publicized. And they've never met.
But they will meet next week to "authorize" the arena bond. This means they are trying to get ducks in a row for the very troubled $700 million arena bond issuance.
BALDC was formed, basically, to issue the bonds for the arena. And who sits on the BALDC board of directors? These people:
Laura Anglin (Director of Budget)
Andrew Kennedy (Budget Office staff person)
Peter Kiernan (Governor's counsel)
Robert Godley (ESDC Treasurer)
Frances Walton (ESDC CFO)
Anita Laremont (ESDC General Counsel)At least that is what we've been told.
NoLandGrab: Brooklyn Arena Local Development Corporation? Funny, we've been following this project for well nigh on six years, and we don't recall any of those folks spending a whole lot of time in Prospect Heights.
Posted by eric at November 18, 2009 11:00 PM