« Nets notes: Mikhail Prokhorov must wait for majority ownership | Main | Hey Kids! Who Wants to Be the Next Bruce Ratner? »

January 28, 2010

Bloomberg/NYC Gave $131 Million to Bruce Ratner

The Huffington Post
by Steve Ettlinger

This whole Atlantic Yards boondoggle thing is still getting more amazing. Turns out, when Ratner bullied people into selling out by using the threat of eminent domain--totally standard and understandable--he also knew he could pay top dollar because he was using our own money to help ease his pain. My pain is formidable.
...

There is still a possibility that this scam will be stopped by a judge or Governor Paterson, and we could then expect a more rational private development or at least a more rational public/private partnership. If this happened, Mayor Bloomberg might exit his era with one less major blotch on his record.

link

Posted by eric at January 28, 2010 12:17 PM