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December 23, 2009
As master closing proceeds, with filing of condemnation, Perkins says governor's response unacceptable; is lawsuit coming?
Atlantic Yards Report
With the governor's blessing, it looks like the "master closing" for Bruce Ratner's subsidy-sucking, eminent-domain-abusing, public-accountability-circumventing, Atlantic Yards megaproject will proceed today, despite the use of a questionable quasi-governmental "creation" to issue the arena bonds.
No one has a written statement responding to questions raised by state Senator Bill Perkins about irregularities in the issuance of arena bonds, but the Empire State Development Corporation (ESDC) yesterday said it expected the Atlantic Yards project to proceed through final approvals today, with the final contracts signed and the eminent domain process to begin in earnest.
"We anticipate the Master Closing to happen tomorrow," spokeswoman Elizabeth Mitchell said yesterday in an email message. "It will include the bond closing, deposit of the funds and real estate documents in escrow, and the filing of the condemnation petition. ESDC expects possession of the title on or near February 1st, 2010."
"We are going to continue to demand that there is going to be accountability and transparency with this project," Perkins said. "We think it’s clearly in violation of the type of scrutiny that is required by law… I know that a lawsuit is being considered." But he didn't say what role he might play in such a lawsuit or who might be plaintiffs.
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I spoke yesterday with Perkins, who said he’d spoken with Peter Kiernan, Paterson's Counsel, on Monday.“I asked him, as per our prior conversation on Friday, what he came up with," Perkins recalled. "And he said 'We’re satisfied with what we got from ESDC and others.' I said, 'Well, what does that mean?' He said, "It’s a creation of JDA.' So I said, 'OK, Is that a subsidiary?' He says, 'No, it’s a creation.' I say, 'What does that mean? Because that sounds like a new word in the context of the conversation… because you said at first it was a subsidiary.'"
NoLandGrab: By calling the BALDC a "creation", not a "subsidiary," of the Job Development Authority (JDA), the BALDC is not subject to any of the laws regulating either the Empire State Development Corporation or the JDA?
This is another example of the mind-boggling contortions New York State has performed, in order to give Bruce Ratner what amounts to the largest single-source private development project in NYC history.
State government has run amok... disgusting!
Posted by lumi at December 23, 2009 5:49 AM