February 13, 2012
The mystery of Ridge Hill: as Yonkers corruption case heads for trial, what will we learn about Forest City Ratner, its lobbyists, and Bruce Bender?
Atlantic Yards Report
Norman Oder previews a trial in which the name Forest City Ratner is sure to pop up.
The results should illuminate the dubiously ethical behavior of Forest City Ratner, which gained a huge benefit for its still-in-process Ridge Hill project, but emerged officially unscathed.
One of the three defendants, Anthony Mangone, has already pleaded guilty to giving bribes, resolving some but not all questions about a different real estate project, known as Longfellow.
However, numerous questions linger, mostly about Ridge Hill, an 81-acre project east of the New York State Thruway that includes a giant mall and condos, plus perhaps office space and a hotel.
The largest development in Yonkers history, the cost is estimated at nearly $700 million, a vast change from the site's previous use as a center for drug treatment and defense contracting R&D.
Ridge Hill was enormously controversial, given Forest City Ratner’s request for special zoning and other benefits, the creation of a shadowy (slammed by the Times and now defunct) development corporation, and traffic concerns.
True News, Forest City Ratner
True News Has Been Asking Where the Bribe Money in Both the Cases Involving Ratner Came From?
Who Paid the Elected Officials Kruger and Annabi?
Posted by eric at February 13, 2012 11:54 AM