« Time for a Fan to Switch Jerseys? Really? | Main | As a parking lot for TV vans emerges on Dean Street and Sixth Avenue, how to make it work for neighbors? Testimony from the Dean Street Block Association suggests adjustments »
July 19, 2012
“Barclays” Center Opening Pending, Will Empire State Development Sue Barclays Bank?: ESD Says The Question Is Being Reviewed By ESD Counsel’s Office
Noticing New York
As previously covered here, Baltimore and a number of other municipal governments are suing Barclays Bank in connection with its LIBOR benchmark interest manipulations. (See: Saturday, July 14, 2012, Will The Empire State Development Corporation (ESD), The MTA, NYC And New York State Sue Barclays Bank?) It therefore seemed logical for me to wonder whether the state’s Empire State Development agency and other state and local governments in New York would also similarly be suing Barclays.
...ESD’s press office confirmed to me that the question is in fact “being reviewed by our counsel’s office.” In other words, in that respect they are like the MTA.
I also asked whether ESD would, alongside the MTA, confirm:
• That ESD is similarly outraged about the apparent market manipulation.
and
• That ESD is similarly committed to do everything possible to protect ESD.
The press office’s response was that ESD “cannot comment further at this time.”
Related content...
Develop Don't Destroy Brooklyn, Testimony Rips Latest Ratner Request for More Atlantic Yards Subsidies
Very few people knew about yesterday's New York City Housing Development Corporation" (NYC HDC) public hearing on $92 million in tax-exempt bonds for the first Atlantic Yards tower. And even less information was available about the building the bonds would fund.
But local activist, lawyer, former state housing official, and Noticing New York blogger Michael D.D. White was at the hearing to give testimony ripping apart Ratner's request for more subsidies based on the history of the Atlantic Yards project to date....
Posted by eric at July 19, 2012 11:02 PM