January 6, 2010
Atlantic Yards Report: coffers and sewers...
Norman Oder examines Forest City Ratner's money trail leading to politicians that have been called upon to investigate the legality of the quasi-public corporation that issued the tax-free bonds for the arena at Atlantic Yards.
More recently, in a look ahead to next year's statewide elections, Ratner gave $5000 to Andrew Cuomo 2010. (He hasn't given to Gov. David Paterson's campaign, though Cuomo, now Attorney General, is expected to challenge the sitting Governor.)
And he gave $2000 to DiNapoli 2010, the campaign committee for Comptroller Thomas DiNapoli. (Both Cuomo and DiNapoli have been asked by state Senator Bill Perkins to weigh in on the legality of the Brooklyn Arena Local Development Corporation, or BALDC).
Today Governor David Paterson is expected to unveil a plan to ban corporate campaign contributions, lower the maximum contribution for any candidate for state office to $1000, and cut back severely on Housekeeping accounts, where political parties can now get unlimited gifts they can dispense to candidates.
The latter was dubbed "sewer money" in a 10/19/09, a New York Times editorial headlined Fed Up With Albany, which criticized New York's "notoriously loose" campaign finance laws.
And Forest City Ratner is one of the prominent participants. I pointed out at the time that the Times missed an opportunity to criticize Forest City Ratner's January 200, contribution of $58,420 to the Democratic Assembly Campaign Committee's Housekeeping account.
But I should have checked further. On 12/4/08, FCR gave another $3644 to the Democrats' Housekeeping account.
And if you keep following the money, it includes some bucks for New York State Republicans from a caring contributor in Cleveland with a last name that begins with "R" and rhymes with "Fat-cat-ner."
Posted by lumi at January 6, 2010 7:28 AM