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July 18, 2012
Noticing New York's Hearing Testimony Re New York City Housing Development Corporation's Subsidization of Ratner's Atlantic Yards Mega-Monopopoly
Noticing New York
The New York City Housing Development Corporation held an important hearing today on its proposed very substantial subsidization of Forest City Ratner's Atlantic Yards mega-monopoly. Here is Noticing New York's testimony.
...Delivery of scarce-resource subsidy to Forest City Ratner for out-of-scale development hogs and misdirects subsidy that could and should be better used elsewhere, including smaller developers and not-for-profits with a better chance of it benefitting minority developers.
HDC needs to pay attention to the unhappy saga of abuse. None of us has amnesia about Ratner’s misdeeds and we are not about to get it.
Related coverage...
Raulism via YouTube, Noticing New York's Hearing Testimony Re New York City Housing Development Corporation's Subsidization of Ratner's Real Estate Megamonopoly
Posted by eric at July 18, 2012 7:18 PM