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March 14, 2012
More Obama Bundlers Cash In With Massive Air Force Contract
The Foundry
by Lachlan Markay
Sure, Heritage Foundation, this kind of thing never went down during the Bush Administration. But that's besides the point.
Ronald Ratner is the president and chief executive of Cleveland-based real estate giant Forest City Residential Group. His cousin, Deborah Ratner Salzberg, is the president of the company’s Washington D.C. office. Together, the two bundled between $200,000 and $500,000 for the 2008 Obama campaign. They’ve bundled another $200-500,000 for his reelection campaign as well, as of the fourth quarter of last year.
Since Obama took office, the Ratners have seen millions in federal taxpayer money funneled to Forest City. They are the latest in a long line of Obama supporters who have received taxpayer money, been appointed to federal posts, or enjoyed significant access to administration officials.
Ron Ratner hosted a fundraiser for the 2008 campaign featuring then-Vice Presidential candidate Joe Biden. He also hosted Obama at his home for a meeting with Jewish leaders of Ohio.
The fundraisers have continued this election cycle: in September, Ratner again hosted Biden at his home for a fundraiser for the Democratic National Committee’s Obama Victory Fund. Tickets to the event cost between $1,000 and $5,000.
Barely two weeks after Ratner hosted Biden for the DNC event, Forest City announced that it had signed a 50-year privatization deal with the Air Force “for the development and management of 2,185 family homes at four U.S. Air Force bases in the Southeast.”
The developments are valued at more than $300 million. Forest City “will also earn an on-going fee,” the company said, though it declined to specify what the fee would be.
Posted by eric at March 14, 2012 11:19 AM