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October 21, 2010

State IG probes problematic Aqueduct racino bidding; no such investigation was made of Vanderbilt Yard process

Atlantic Yards Report

A New York Times article today, headlined Report Says State Senators Manipulated Casino Bidding, cites the state Inspector General's report on the Aqueduct "racino":

In a scathing 300-page report [PDF] on the competition to install video slot machines at the Aqueduct racetrack in Queens, the inspector general described a chaotic and ultimately doomed process that was without formal rules or objective criteria, and was awash in “unrestrained political considerations,” lobbyists and targeted campaign contributions.

But when Forest City Ratner was anointed the Metropolitan Transportation Authority's Vanderbilt Yard without any competiton--and when an RFP was issued 18 months later--there was no such inquiry.

And, as I argued in March, the Vanderbilt Yard deal was worse.

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NoLandGrab: These clowns might go down, but we all know nothing ever sticks to "Teflon Bruce."

Posted by eric at October 21, 2010 3:53 PM