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December 1, 2009

25 11 hours to go: make or break

Battle of Brooklyn via Kickstarter

We've been shooting a lot the last few days due to all of the activity surrounding the project. First there was the NY court of appeals decision clearing the way for the seizure of the footprint properties. Then we had to film the fallout and the next steps.

Just as we need to reach our goal to secure our funding, Forest City Ratner needs to issue a bond by Dec 31st in order to qualify for tax exempt bonds (that will save him millions... and cost NY State millions in unpaid taxes). There is no guarantee that the bond will get issued though because there are still several lawsuits outstanding. In fact, the same court that decided that it was ok to take the properties in the footprint of the arena via eminent domain has still failed to rule on whether or not they are going to take a case that challenges the finding of blight.

In any case, we've been filming and editing like crazy and look forward to delivering the final film some time this year. In the meantime we need to reach our fund raising goal in order to continue our work. Kickstarter is a zero sum game. If we don't reach our goal, your pledges go unclaimed, and we get nothing. The good news is that we are almost there. With nearly more than 300 supporters we've gotten to within nearly 20% 10% of our goal. If even half of you can convince one other person to come on board we'll sail past our goal.

link

NoLandGrab: Only $2,622 to go — help make it happen by pledging now.

Posted by eric at December 1, 2009 12:22 PM