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May 2, 2011
Yonkers Contracting survives multiple probes, indictments in its history
LoHud.com
The two Yonkers companies that have taken turns reconstructing the Cross-Westchester Expressway have spent decades building themselves into regional powerhouses in the heavy construction industry — one in relative obscurity, the other often deflecting suspicion.
In an industry frequently under scrutiny for mob ties and financial shenanigans, Ecco III Enterprises has escaped unscathed.
But a whiff of corruption has lingered on Yonkers Contracting Co. for decades, though charges never stuck.
...The company did not get work on the $4 billion Atlantic Yards redevelopment that is bringing the New Jersey Nets to downtown Brooklyn, despite a $346 million bid for one part of the work. But the developer, Forest City Ratner, did tap YCC as general contractor of the $650 million Ridge Hill project a few miles up the Thruway from the contractor's Midland Avenue headquarters.
The developer plays a key part in the latest scandal to rock Albany, the indictment of state Sen. Carl Kruger and several others, including lobbyist Richard Lipsky.
Posted by eric at May 2, 2011 11:52 AM