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March 10, 2011

Yes, Kruger corruption charges involve Atlantic Yards; unnamed "Developer #1" is FCR; Bender: "I don't mind fucking the Carlton Avenue Bridge"

Atlantic Yards Report

I had questioned whether the corruption charges regarding Carl Kruger's involvement with a "Brooklyn developer" meant Atlantic Yards, but apparently they do.

From the Daily News:

The complaint also points out Kruger's involvement in supporting mega-developer Bruce Ratner's planned $4 billion stadium project in downtown Brooklyn.

Kruger took elaborate steps to hide the payments, having checks funneled through a company called Adex Management Inc., then through a shell company, Olympian Strategic Development.

Olympian was controlled by Michael Turano, a son of Kruger's longtime friend and local community board director, Dorothy Turano. Michael Turano was also charged Thursday.

Kruger is accused of receiving at least $1 million in bribes, sharing lobbying fees paid to Richard Lipsky, another defendant, and then taking the official acts in favor of which Lipsky had been paid to lobby.

If Forest City Ratner, which is not named, is not a target, this might be a repeat of Ridge Hill, in which the developer benefits from apparent corruption but is not penalized.

Can the Empire State Development Corporation repeat its statement, in response to my queries about Ridge Hill, that they "remain confident in Forest City as a developer and as a good corporate citizen"?

From the complaint

The complaint (page 7) notes defendant Richard Lipksy's clients "include, among others, a significant real estate development firm ("Real Estate Developer #1") which is spearheading an over $4 billion, multi-year, mixed-use commercial and residential development project in Brooklyn, New York, as well as various unions and associations...."

On p. 14, it states that Kruger has taken a number of official actions to benefit Lipsky's clients, including "Developer #1."

More coming...

Click through to the complaint, and begin reading at the bottom of page 21 to find out why the reconstruction of the Carlton Avenue bridge is taking so long. Warning: rated NC-17 for adult language.

link

Posted by eric at March 10, 2011 12:47 PM