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December 21, 2010

Ratner's Green-Card Fundraising Scheme: Is This a Scandal, or What?

Runnin' Scared
by Neil deMause

​The ever-epic Norman Oder of Atlantic Yards Report today closes out his epic series on Bruce Ratner's bizarre green-cards-for-financing scheme with a (wait for it) epic FAQ on exactly how the New Jersey Nets Brooklyn New Yorkers co-owner plans to take advantage of an obscure federal job-promotion program to save himself a jabillion dollars.

It's a great read if you're an economic development policy wonk; not so much if you're looking for something you can read on your phone during your morning commute and then convert into a Facebook status update. So, without further ado, here's the considerably-less-epic "The Great Ratner Green Card Fiasco: Who, If Anyone, Is Getting Screwed and How?"

Click through for deMause's three-bullet-point summary.

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Related coverage...

Field of Schemes, Ratner's green card funding scheme explained (in brief, and in briefer)

If you were wondering what was up with that plan to trade green cards for Atlantic Yards arena development loans, Atlantic Yards Report just finished a 16-part series (no, seriously) on all the ins and outs of the proposed deal. And if you can't be bothered to read a 16-part series, AYR today sums it all up in a 2,400-word FAQ.

And if you can't even be bothered with a FAQ, there's my still-shorter "We read Atlantic Yards Report so you don't have to" summary for the Village Voice news blog.

NoLandGrab: Wait, we thought we were the "we read Atlantic Yards Report so you don't have to" guys.

Posted by eric at December 21, 2010 12:14 PM