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November 9, 2011
Four Sparrows Development Nixed Under Shadow Of Corruption
Sheepshead Bites
by Randy Rojas
Of course, close ties to politicians, especially crooked ones, don't always work to Forest City's benefit.
Plans to build a shopping center with ties to indicted State Senator Carl Kruger on a city-owned nature preserve near Kings Plaza have been terminated by the developer.
Forest City Ratner Companies, which is currently building the controversial Atlantic Yards, decided to bail on its plan of building a shopping center on the Four Sparrows Marsh next to the Toys ’R’ Us on Flatbush Avenue, between Avenue U and the Gil Hodges Bridge. The cancellation was first noted by Queens Crapper.
Insiders say the reason Forest City is doing this is because they couldn’t find a suitable tenant, but there are reasons to think otherwise.
Posted by eric at November 9, 2011 11:14 AM