The image verification code you entered is incorrect.

Will Ratner Break ALL His Promises? Will the City Let Him?

As tomorrow's big anti-Ratner rally approaches, bringing together not just Ratner's usual opponents but even some former supporters turned sour (e.g. Bill DeBlasio), new revelations are coming out about Ratner's broken promises and the city's willingness to let him get away with anything.

We now know that Bruce Ratner is trying to weasel out of the Affordable Housing part of the deal he made with the city. Affordable Housing was the excuse the city had to throw so much money (taxpayer money) at Ratner's feet. Bringing the Nets to Brooklyn was another excuse. Ratner is backing out of the first promise. Is he backing out of the second one as well? According to the Newark Star-Ledger, Bruce Ratner may be giving up on bringing the Nets to Brooklyn:

The owner of the Devils hockey team and Newark Mayor Cory Booker are seeking to assemble a group of investors to buy the Nets and move the basketball team to Newark, according to people familiar with the effort.

In recent weeks, Devils owner Jeffrey Vanderbeek has met with Nets owner Bruce Ratner, while Booker has spoken to an official at Ratner's development company, Forest City Ratner Cos., according to three sources with direct knowledge of the discussions. The outcome of each talk was characterized as "open-ended." The parties spoke on the condition they not be identified.

Ratner denies this, but in all honesty Ratner has lied about so much I have long ago given up believing him. Even if he is telling the truth now there is no guarantee he won't back out later.

And speaking of Ratner backing out, it turns out that the city KNEW Ratner was backing out of the Affordable Housing promise and yet STILL wants to throw taxpayer money at his feet. In fact, they are offering him MORE taxpayer money even though he is breaking his promises. From the Brooklyn Papers:

A newly released funding agreement reveals that the city let the Atlantic Yards developer off the hook for the downsizing he announced last month — yet will still reward him with $205 million in direct city subsidies.

The agreement, signed last September but only released this week to the Atlantic Yards Report, a Web site, allows Forest City Ratner to scale back the $4-billion arena, apartment and office project and build just the publicly financed basketball arena and two or three downsized towers by 2020, four years later and thousands of units of affordable housing less than the 16-tower full monty that was approved by state officials in December, 2006...

Besides the loose time frame, the new documents also reveal that taxpayers are spending $100 million to pay back Ratner for his generous buyouts of tenants living in the arena footprint...

“Whether you think the original deal was good or bad — and I think it was a bad deal — the project that he agreed to is not being built,” said Councilman David Yassky (D–Brooklyn Heights), who will join colleagues Letitia James (D–Fort Greene) and Bill DeBlasio (D–Park Slope) at a rally on Saturday to call for a moratorium on demolition until Atlantic Yards is renegotiated.

Ratner has lied to New York. Our city government has let us down, giving Ratner everything he has asked for (except Vito Lopez's over the top offer to Ratner) and held him accountable for nothing. It is time to end this. Ratner cannot break every promise he ever made and still receive ever increasing amounts of taxpayer money to build something that profits only himself.

mole333's picture

| | | |

Post new comment

The content of this field is kept private and will not be shown publicly.
  • Textual smileys will be replaced with graphical ones.
  • Allowed HTML tags: <a> <b> <span> <code> <pre> <blockquote> <br> <font> <center> <cite> <code> <embed><param> <div> <dl> <dt> <dd> <em> <form> <h1> <h2> <h3> <h4> <HR> <img> <ol> <li> <object> <p> <script> <strong> <strike> <style> <table> <td> <tr> <ul> <label> <input>
  • Web and e-mail addresses are automatically converted into links.
  • Lines and paragraphs break automatically.
  • Easily link to terms in various wikis. For help, see interwiki.
More information about formatting options Captcha Image: you will need to recognize the text in it.
Please type in the letters/numbers that are shown in the image above.

brought to you by


Current weather

NY - New York City, Central Park

day-overcast-light-rain
  • Overcast, light rain
  • Temperature: 53.6 °F
  • Wind: Northeast, 11.5 mph, gusts up to 18.4 mph
  • Pressure: 29.65 inHg
  • Rel. Humidity: 94%
  • Visibility: 2.5 miles

Visit Our Sponsors

Premium Advertisers


Most Emailed

Poll

Subscribe to our daily digest

In keeping with the "city that never sleeps" tradition, keep up to date with our daily syndication digest.



Powered by FeedBlitz


culturekitchen Media

The Publisher
Liza Sabater

Fresh dissent served daily
culturekitchen

Grassroots News and
Activism for New Yorkers

Daily Gotham

Feminist Bloggers Network
BlogSheroes

A new kind of voyeurism
Voogling

Art + Code + Philosophy
Potatoland.blog

Got any dirt, tips, leads or money for us? Then drop us a line or two at editors [at] dailygotham [dot] com or use our general contact form to reach everybody in the editorial team ASAP.


Random image

Bloomberg on Bloomberg

Who's online

There are currently 4 users and 777 guests online.

Blogroll

Editors and Contributors

Mole's Progressive Democrat
New Democratic Majority
Alien and Sedition
Dan Jacoby

The Indies

Adirondack Musings
The Albany Project
Angry Brown Butch
Atlantic Yards Report
Blue Spot
Buffalo Pundit
Buffalo Geek
Bike Blog
Brooklyn Rail
The Community Alliance
Danger Democrat
DDDB
DragonFlyEye
EverythingNY
Gowanus Lounge
Hell's Kitchen Online
Joshing Politics
Mamita Mala
Mamapalooza blog
More Gardens
Nassau GOP Watch
New York Games
No Land Grab
NY 13
On NY Turf
Peter King Watch
Politics on the Hudson
Open Orleans
Prometheus6
Room Eight
Steve Gilliard RIP
The Oil Drum
Troy Polloi
Rochester Turning
Simply Left Behind
Time's Up
The Working Families Party Man
Power from Truth by Chris Owens

The little big media

Capitol Confidential
Gotham Gazette
Daily Politics
Wonkster
New York Blade
NYC Bloggers
NYC Indymedia
The Politicker
EmpireZone
Power Plays
Spin Cycle

The big little media

Curbed
Gawker
Gothamist
The Politico
City Limits

Everybody Party! blogs

New Democratic Majority
Stonewall Democrats
Working Families Party's WFPBlog

The Brains

The Brennan Center
Reform NY
The Century Foundation
Center for American Progress
Drum Major Institute's DMIblog
edwize
TortDeform

The Movement

New Democratic Majority
Democracy for NYC
DL21C
Act Now
Capitol D Group
New York Democratic Lawyers Council

The Loyal Opposition

Alarming News
News Copy
Ragged Thots
Suitably Flip
Urban Elephants
Serf City

Fun Stuff

City Rag
Jossip
Overheard in New York

This list is a work in progress. Are there blogs you believe should be included (maybe your own)? Please leaves us a message through our contact page. Or drop us a line at :

editors(at)
dailygotham(dot)com


Progressive Districts

Only in New York

The Rev. Al Sharpton, who ran for the Democratic presidential nomination in 2004, says he won't get into the race this time. "I am not going to run"

Wow, huge surprise....Edwards-Obama 2008 with or without Rev. Al's support.