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November 16, 2011

Lawsuit Against Forest City Ratner And The Fallacy Of Relying On A White-owned Monopoly To Create Construction Work For The Minority Community

Noticing New York

I’d like to focus on one particular aspect of the lawsuit, the question of what Forest City Ratner really ought to owe everyone. The plaintiffs are represented by South Brooklyn Legal Services and one of the attorneys I spoke to today commented that it was sort of absurd that Forest City Ratner had to be sued for not delivering what was essentially the jobs “sweetener” promised for getting control over all the acreage associated with Atlantic Yards. I think that actually trivializes the debt that Forest City Ratner is walking out on.

It is astounding to think that with the resources of its huge mega-monopoly Forest City Ratner is stiffing people for even these few jobs. The 22 acres of Atlantic Yards are contiguous to other Ratner-owned acreage, making for 30 contiguous Ratner-owned acres at the site, with 50+ Ratner-owned acres in the area. That’s an awful lot of mega-monopoly tying up resources in the community accompanied by an unwillingness to hand out jobs.

More important, it should not be overlooked that the creation of the Ratner mega-monopoly precluded and destroyed other jobs. Therefore, I don’t think it is a case of Ratner just owing the community or individuals the few jobs that were the promised sweetener in connection with all the Ratner takings; what Ratner owes the community ought to be commensurate with all the jobs destroyed or precluded by the mega-monopoly.

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Posted by eric at November 16, 2011 12:24 PM