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March 22, 2011
Kruger crony thrown off B'klyn skyscraper plan
NY Post
by Rich Calder
A New York developer nabbed in the sweeping federal corruption probe that snared state Sen. Carl Kruger earlier this month has been quietly cut out of one of Brooklyn's biggest projects, which was slated to bring the borough its tallest building, The Post has learned.
Aaron Malinsky's PA Associates had been partnering in City Point, a mixed-use project slated to rise as high as 65 stories at the city-owned former Albee Square Mall site in Downtown Brooklyn.
But Acadia Realty Trust confirmed yesterday that it has used its powers as majority partner to remove Malinsky "from all operational involvement" in City Point.
...The feds say Malinsky funneled $472,500 in bribe money to Kruger through a shell company set up by Kruger's lover and alleged accomplice, Michael Turano. In exchange, the feds say, Kruger assisted Malinsky in getting approvals to develop the $65 million Canarsie Plaza Shopping Center on city property and Kruger tried to get developer Forest City Ratner to give Malinsky a piece of a retail center Ratner is building on city land in Mill Basin.
Kruger even arranged a meeting with Forest City officials and Malinsky, the complaint says.
NoLandGrab: No word yet as to whether the ESDC has thrown Forest City Ratner off the Atlantic Yards project.
Posted by eric at March 22, 2011 10:53 AM