Showing posts with label Bruce Ratner. Show all posts
Showing posts with label Bruce Ratner. Show all posts

Wednesday, November 9, 2016

Developers want Rikers badly

From Curbed:

The idea of closing Rikers Island Correctional Facility has been around, according to the city’s former probations and corrections commissioner Martin Horn, since at least Mayor Ed Koch’s term in the 1970s. But New York City has come a long way since then, firmly populating itself with some of the world’s most prized, and valuable, real estate. The argument to shutter the facility remains today, but Politico points out that while the charge is lead by a human rights interest, it’s also bolstered by a real estate one.

A number of major New York City real estate players are eyeing the island. John Kriegel, a Related exec, is said to “be fascinated by the idea” while Forest City Ratner CEO MaryAnne Gilmartin is leading a committee that’s reimagining the island’s use. The study from Gilmartin’s committee will be made public some time next year.

When it comes to redeveloping the island, two main trains of thought emerge: connecting the island to LaGuardia Airport, which stands just across the channel, to provide additional runway space, or creating a new mega development.

Sunday, April 17, 2016

Living near Atlantic Yards is no picnic

From the Daily News:

Welcome to life in the shadow of Atlantic Yards, the ambitious and divisive $4.9 billion real estate project that includes 15 high-rise buildings that will eventually tower over central Brooklyn as well as Barclays Center, the rust-colored 18,000-seat home of the NBA’s Nets and the NHL’s Islanders. When developer Bruce Ratner and his political allies — most notably then-Mayor Michael Bloomberg and former Gov. George Pataki, Ratner’s Columbia law school classmate — unveiled plans for a massive real estate project anchored by a Nets arena in 2003, they promised it would be a powerful economic engine that would bring jobs and affordable housing to the borough.

Community activists and longtime residents, however, say many of the promised benefits have yet to materialize — but the headaches and hassles they feared would be generated by the project, renamed “Pacific Park” in 2014 after years of controversy, have arrived right on schedule.

Howard and other residents say the neighborhood feels like it has been taken over by an occupying army. Noise from the construction sites around the Barclays Center is deafening, sometimes roaring on from dawn until well into the night. Traffic is snarled on streets narrowed by construction fences and clogged with trucks. The rat population has boomed and dust and diesel emissions foul the air. Confrontations with the 1,700 workers employed at the construction sites near the Barclays Center and the thousands of fans who regularly attend Nets and Islanders games as well as other events are all too frequent, the residents say.

Friday, February 26, 2016

He's doing it for his donors

From the NY Post:

Hundreds of businesses that own land near the proposed Brooklyn-Queens trolley line stand to benefit from the project, but at least 10 have something else in common — they all contributed to a nonprofit promoting Mayor de Blasio’s “progressive” agenda.

The estimated $2.5 billion rail project, which would connect Astoria to Sunset Park and promises to send property values along its route soaring, is being pushed by the Friends of Brooklyn Queens Connector.

Developers such as Two Trees Management, Forest City Ratner and the Durst Organization all have representatives in the group and have either directed money to de Blasio’s re-election campaign or to the Campaign for One New York, which critics have derided as a mayoral slush fund.

Friday, January 9, 2015

It pays to be a friend of Bill

From the Daily News:

A key player in Mayor de Blasio's drive to lure the Democratic convention to Brooklyn is seeking $90 million in tax-free bonds to refinance one of his already-subsidized properties.

Bruce Ratner - who developed the Barclays Center where de Blasio hopes the convention would be held - requested the city-backed subsidy from a quasi-governmental agency controlled by the mayor.

If approved, the tax-break will cost the city general fund nearly $1 million in tax revenue and create not a single new job. A hearing is set for Thursday.

Ratner and Maryanne Gilmartin, CEO of his firm, Forest City Ratner, are both members of a committee of movers and shakers de Blasio formed two months ago to raise money for the Democratic convention bid.

Ratner and his associates have raised thousands of dollars for de Blasio's political campaigns in recent years. That includes $10,000 via a Ratner-sponsored 50th birthday party for de Blasio at the Waldorf in 2011. A top Ratner executive raised another $13,600 as a "bundler" for de Blasio in 2013, and Forest City Ratner lobbyists have raised thousands more.

Mayoral spokesman Marti Adams said the deal will be a wash for taxpayers because Ratner will pay a fee to handle the financing. Ratner officials put the fee at $963,000. The money goes to the quasi-governmental Economic Development Corp., not the city’s general fund.

Monday, September 1, 2014

Monetary dispute shuts down Atlantic Yards construction

From the NY Times:

Forest City Ratner, the developer at the sprawling Atlantic Yards complex (renamed Pacific Park this month) in Brooklyn, boasted in 2012 that it had “cracked the code” sought by builders for more than a half-century, enabling the company to build residential, high-rise towers faster, better and more cheaply.

But a dark shadow was cast over those claims on Wednesday. Slow-moving work on the first tower shut down completely amid a battle over tens of millions of dollars in cost overruns between Forest City and its partner, Skanska, the giant Swedish construction company that is also the construction manager for the building.

This dispute over a high-profile development is unusually bitter and public, even for the typically rambunctious New York real estate industry.

Skanska on Wednesday unilaterally closed the factory in the Brooklyn Navy Yard where 157 workers assembled and built the steel-framed modules for the first of a planned 14 prefabricated apartment buildings, at Flatbush Avenue and Dean Street.

A day earlier, Skanska ceased work at the construction site, where the building rises to only 10 floors of its 32-story height, 21 months after work started.

Wednesday, July 2, 2014

"Mayor's Fund to Advance NYC" is full of notorious developers

From Capital New York:

Mayor Bill de Blasio wants the city's parks and playgrounds to offer year-round equipment and recreational activites for adults and senior citizens, not only children.

The mayor presented that idea Monday morning, when he laid out several of his fund-raising goals during a closed-door meeting of the newly formed, 58-member board of advisers to the Mayor's Fund to Advance New York City, according to a document obtained by Capital.

His wife, Chirlane McCray, chairs the Mayor's Fund, a 20-year-old organization that solicits donations to bolster initiatives run out of City Hall.

The three-page document outlines three priorities for de Blasio and McCray, who met with the board at Gracie Mansion.

The first idea is upgrading parks, pools and playgrounds.

"In addition to the conventional park equipment for children and passive recreation space, the model envisions: multi-purpose equipment for adults and seniors; year-round programming for kids and adults; wifi connectivity; site specific apps complementing on-site programs; unique public safety elements grounded in community policing models - all of which will build on local community partnership and park 'ownership,'" according to the memo, which was distributed to those attending the meeting.

That program will be run jointly by the city's health, education and parks departments, the mayor's Community Affairs Unit and the NYPD.


And here are the members of the Fund. Miss Heather has the poop, er, scoop:

The Mayor’s Fund to Advance New York City Board of Advisors:

Husam Ahmad, HAKS Construction
Marisol Alcantara, West Harlem District Leader
Jo Andres, Artist, Filmmaker & Choreographer
Gina Argento, Broadway Stages
Barry Berke, Kramer Levin
Anthony Bonomo, Physicians’ Reciprocal Insurers
Barbara Bowen, Professional Staff Congress
Jill Bright, Conde Nast
Steve Buscemi, Actor
Derrick Cephas, Weil, Gotshal & Manges
Janet Dewart Bell, Communications and Policy Consultant
Cheryl Effron, Founder, Conjunction Fund & Founder, Greater NY
Jay Eisenhofer, Grant & Eisenhofer
Steven Feldman, Bullion International
Hal Fetner, Sidney Fetner Associates
Marian Fontana, Writer, Performer & Founder, 9-11 Families Association
Charlene Gayle, Macon Realty
Aron Govil, Ducon Technologies
Beth Green, Attorney
George Gresham, 1199 SEIU
Jon Halpern, Halpern Real Estate Ventures
Fred Heller, Metro Systems
Louis Hernandez, Former President, NYPD Hispanic Society
Anne Hess, MADRE & Philanthropist
Lorna Brett Howard, Philanthropist
Laura Imperiale, Tully Construction
Amabel Boyce James, Philanthropist
Orin Kramer, Boston Provident
Pam Kwatra, Kripari Marketing
John McAvoy, Con Edison of New York
Mary McCormick, Fund for the City of New York
Cheryl McKissack, McKissack & McKissack
Ron Moelis, L+M Development
Rud Morales, Primary One, Inc.
Mike Muse, Muse Recordings
Charles Myers, Evercore Partners
Cynthia Nixon, Actor
Ronald O. Perelman, MacAndrews and Forbes
Bruce Ratner, Forest City Ratner
Steven Rubenstein, Rubenstein Communications
Bill Rudin, Rudin Management
Bill Samuels, Effective New York
Mary Sansone, Congress of Italian-Americans Organization
Chris Shelton, CWA, District 1
Harendra Singh, Singh Hospitality Group
Daisy Soros, Paul and Daisy Soros Fellowships for New Americans
Jerry Speyer, Tishman Speyer
Rob Speyer, Tishman Speyer
Mary Alice Stephenson, GLAM4GOOD
Stuart Suna, Silvercup Studios
Ken Sunshine, Sunshine Sachs
Carol Sutton Lewis, Carol Sutton Lewis and William M. Lewis, Jr. Charitable Foundation
Jon Tisch, Loews
Dan Tishman, Tishman Construction
Estela Vasquez, 1199 SEIU
George Walker, Neuberger Berman
Jeff Wilpon, Sterling Equities
Steven Witkoff, The Witkoff Group

The names highlighted should get your attention. So much for the DeBlasios being real progressives. They're nothing but tweeders. Filling an advisory board with folks that have resisted and/or gotten around providing promised affordable housing, taken advantage of eminent domain for private gain, as well as a chick with an on-the-record a shady past, patners-in-grime with a slumlord who plans to use Newtown Creek environmental settlement money to build a hotel? What a joke.

You simply can't make this sh*t up.

Wednesday, June 4, 2014

Municipal Art Society bestows preservation award on Bruce Ratner

From Capital New York:

A venerable preservationist group will on June 11 honor a developer deplored by preservationists, and the resulting intra-preservationist controversy has boiled over into a proper, public scrum.

On Monday afternoon, the Historic Districts Council sent out an email to the press declaring itself “appalled” by the actions of its colleagues over at the Municipal Art Society for their decision to bestow the coveted Jacqueline Kennedy Onassis Medal on Bruce Ratner and Maryanne Gilmartin, the executive chairman and president and C.E.O, respectively, of Forest City Ratner Companies, the real estate concern that gave us MetroTech, Atlantic Yards, Atlantic Center Mall and New York by Gehry at 8 Spruce Street.

“Conflating the company’s record of bulldozing neighborhoods with Mrs. Onassis’s pivotal role in preserving New York City’s Landmarks Law is something H.D.C. feels should not go unnoticed,” reads the email.

“It’s not like they’re building great spaces,” said Simeon Bankoff, the group’s executive director, in a follow-up interview.

To register its displeasure this time around, the Historic Districts Council will host a screening of a film chronicling Ratner’s Atlantic Yards exploits, Battle for Brooklyn, the same night as the gala. Afterward, the group will host a panel discussion featuring Atlantic Yards critics.

One critic that will not be participating? The Municipal Art Society.

During the height of the Atlantic Yards controversy, the society's leadership criticized Ratner for project delays it said could blight the neighborhood.

Ron Shiffman, a Pratt Institute professor, Atlantic Yards critic and a recipient of the Jane Jacobs Medal, which is administered by M.A.S., argued that the nonprofit's pursuit of money was clouding its judgment.

“It says that they needed money,” said Shiffman. “But there’s a point at which principle has to trump need when it comes to these kinds of things.”

Friday, November 22, 2013

Because "progressives" love Bruce Ratner

From Atlantic Yards Report:

As part of his 60-member volunteer transition team, Mayor-elect Bill de Blasio yesterday named MaryAnne Gilmartin, President and CEO, Forest City Ratner Companies and Bertha Lewis, President and Founder, The Black Institute--and, more importantly, Forest City Ratner's partner on the Atlantic Yards affordable housing since she headed New York ACORN.

de Blasio has long had a relationship with Lewis--he owes her and the associated Working Families Party big-time for his entire political career. And it's understandable that he'd have a relationship with Gilmartin, given the importance he's placed in getting Atlantic Yards affordable housing done.

But her prominence confirms just how important that relationship is--one I suspect will pay off with carrots, not sticks, regarding Atlantic Yards.

His transition office issued a news release:

Mayor-Elect Bill de Blasio today announced the appointment of 60 experienced leaders and experts to his transition committee that will assist him in building a progressive, competent and diverse city government.

“These leaders are volunteering their expertise in every issue and area of municipal affairs,” said Mayor-Elect de Blasio. “Together, they will join Transition NYC Co-Chairs Carl Weisbrod and Jennifer Jones Austin in helping me to assemble a team that’s devoted to building one great city where everyone shares in our prosperity.”

“My charge to the transition team is to identify women and men from every part of our city and walk of life that share a commitment to progressive and competent city government,” said de Blasio. “They will be advising me based on their wealth of experience and knowledge of specific issue areas and government agencies.”

I'm not sure Forest City Ratner's "commitment to progressive and competent city government" trumps it's commitment to a "responsive and accommodating city government."

Tuesday, November 19, 2013

Still no affordable housing at Atlantic Yards

From the Brooklyn Paper:

A band of politicians and civic groups is calling on the state to stop developer Forest City Ratner from selling off the majority of the Atlantic Yards development until the company fast-tracks the construction of below-market-rate housing.

The Shanghai-based developer Greenland inked a deal in October to buy the rights to the remaining, un-built towers of the stagnated project from Forest City Ratner, leaving just the Barclays Center and the under-construction modular high-rise B2 tower in the hands of the builder. But elected officials, including Fort Greene councilwoman and Public-Advocate-elect Letitia James, said the state should put the brakes on the deal and find someone new to jump-start the so-called “affordable” housing, because Brooklyn does not know Greenland the developer from the Nordic country it shares a name with.

“The governor should consider not-for-profit organizations to build the affordable housing, ones who have a track record of doing it,” James said at a Friday press conference. “Now here Forest City Ratner is, trying to kick out the plan and selling over 70 percent of his interest in this project to an organization that we really don’t have any relationship with and have no experience with.”

Greenland’s purchase includes a planned 15 apartment towers and one office building and a promise of 2,250 so-called “affordable” units, of which only 181 are in progress as part of the 383-unit B2. Officials are demanding that the state’s Empire State Development defer any sale until the state has looked at other ways to expedite construction.


To Letitia James' credit, she was one of the few electeds to speak out Atlantic Yards before construction started, and exactly for reasons such as this. The others aided and abetted Bruce Ratner, so the outrage doesn't exactly come across as sincere.

Friday, November 1, 2013

Ratner wants more tax breaks

From DNA Info:

The developer of the Atlantic Yards project has already gotten at least $761 million in government subsidies — and now it wants even more fiscal breaks.

Forest City Ratner filed a lawsuit last week demanding the city's Department of Finance and the Tax Commissioner slash their appraisal of one of its Atlantic Yards properties. Reducing the appraisal would drastically cut how much FCR pays to the city in the future as part of a deal to build there.

The land in question is known as block 1129 in the city ledger and encompasses the southern side of the Atlantic Yards project. Currently it serves as a parking lot, but FCR eventually plans to build high-rises on it.

The Finance Department put the block’s market value at $11.2 million for its current fiscal year, which began July 1. But FCR says in a lawsuit filed in Brooklyn Supreme Court that it’s only worth about $1.6 million.

FCR wants the court to lower the Tax Commissioner’s and the Finance Department’s final determination.

Tuesday, October 29, 2013

Ratner a big DeBlasio donor

From the Daily News:

Housing emerged as an issue in the mayoral race Monday when Bill de Blasio came under withering attack for the lack of affordable units in the Atlantic Yards development rising in his Brooklyn backyard.

De Blasio, who has focused his campaign on income inequality, has been uncharacterically quiet on the failure of developer Bruce Ratner to build 2,250 units of affordable housing promised as part of the project, mayoral rival Joe Lhota charged.

“He was silent because he was bought,” said Lhota, standing across the street from the gleaming Barclay’s Center, the anchor of the $5 billion development.

“The people who built the Barclay’s Center and promised to build all of the affordable housing have given contributions to him over and over again.”

As a City Council member from Brooklyn and then as the city’s Public Advocate, de Blasio bucked neighborhood opposition and supported the controversial project.

Ratner has received tax breaks and loans worth more than $760 million to build the project, which is supposed to include the 2,250 units of affordable housing. But nearly eight years after the project was approved, the first 181 affordable housing units won’t break ground until next year. And there is no concrete timetable for the other units.

Ratner and his associates at Forest City Ratner Companies have raised more than $73,000 for de Blasio’s campaign, records show.


Meet the soon-to-be boss, same as the old boss. The rest of the real estate community is also throwing huge wads of cash at BDB.

Friday, September 27, 2013

Judge Rules Plaintiffs in Atlantic Yards Legal Case Entitled to Fees; Forest City Ratner Must Pay

Developer, State Must Compensate Develop Don't Destroy Brooklyn,
Other Community Groups

NEW YORK, NY — A judge today ruled that the Empire State Development Corporation ("ESDC") is liable for legal fees incurred by community groups that sued successfully to compel a supplemental environmental impact study (SEIS) for the second phase of Forest City's controversial Atlantic Yards project. She referred the parties to a referee to determine the amount of the award, which under an agreement with ESDC, Forest City Ratner will then have to pay.

The ruling was issued by New York State Supreme Court Justice Marcy S. Friedman, who in July of 2011 held that the second phase of the Atlantic Yards project must undergo re-analysis because of significant changes in the originally claimed 10-year construction timeline. Justice Friedman noted that this review "should lead to ‘consideration of alternatives [to the currently proposed project] that may more effectively meet the ostensible goal of the project to alleviate blight and create affordable and market-rate housing with less adverse environmental impacts.'" ESDC and Forest City Ratner lost their appeal of Justice Friedman's ruling at the Appellate Division, and the Court of Appeals, New York's highest court, refused to hear the case. The ESDC, the quasi-governmental entity overseeing the project, has yet to issue the draft SEIS required by the courts.

In reaching her decision that the plaintiffs were entitled to their attorneys fees as the prevailing party, Justice Friedman expressly denounced ESDC's claim that it was justified in continuing to use a ten year timeline when its own Development Agreement with Forest City Ratner reflected a buildout of up to 30 years, calling the claim "no small audacity, in light of the court's prior findings . . [including] the ESDC's ‘deplorable lack of transparency.'"

"Justice Friedman's ruling today is another reminder of the sordid 10-year history of the Atlantic Yards project, which to this day has largely failed to deliver on the promises that were used to sell it to the people of New York," said Candace Carponter, Develop Don't Destroy Brooklyn's legal director. "We're gratified by today's decision, but the fact remains that, as Justice Friedman suggests, had the ESDC and Forest City Ratner not knowingly misrepresented the facts to the court, the entire Atlantic Yards project, including the heavily subsidized Barclays Center, would never have gotten off the drawing board."

"Justice Friedman has rendered a strong decision that vindicates what the community has been saying for a long time. One can only wonder whether this project would have ever moved forward if, as Justice Friedman noted, ESDC had disclosed the project's true timeline", said Jeffrey S. Baker, lead attorney for Develop Don't Destroy Brooklyn and a partner in Young, Sommer LLC. "It is time for ESDC to finally engage in an open and honest process that considers the full range of alternatives for Phase II of this project, not just the interests of Forest City Ratner."

Saturday, August 24, 2013

Ratner looking to sell large stake in AY project

From the Daily News:

After years of lording over Atlantic Yards, Brooklyn developer Bruce Ratner is looking for some help to get his apartment towers off the ground.

Ratner's Forest City Ratner Co. is now seeking to sell a 50 to 80 percent stake in the 22-acre development's housing component.

This is not the first time Ratner has sold a stake in portions of the Atlantic Yards project. In 2009, he sold a stake in both the Brooklyn Nets and their arena, the Barclays Center, to Russian billionaire Mikhail Prokhorov, raising more than $200 million to get the arena built. He also sold off a 49 percent stake in 15 of the company's retail centers in the metropolitan region, including the Atlantic Center mall across the street from the arena, to raise cash toward construction.

Friday, August 16, 2013

Ratner wins Coliseum bid


From the Queens Courier:

Nassau Events Center, LLC an affiliate of Barclays Center builder Forest City Ratner Companies, announced Thursday that it won the bid to renovate Nassau Veterans Memorial Coliseum.

Nassau Events was picked over the Madison Square Garden Company, and will oversee a $229 million renovation of the Long Island sports arena.

Tuesday, August 13, 2013

Arena owners battle on Long Island

From Crains:

Out on Long Island, it is shaping up as the heavyweight bout of the decade—the Knockout in Nassau County. It's a winner-take-all contest in which the prize, potentially worth hundreds of millions of dollars over the coming decades, is the right to rebuild and run the badly faded Nassau Coliseum.

In one corner stands a team captained by Madison Square Garden Co., a squad led by hometown heroes James Dolan and Scott Rechler, aided by MSG Chief Executive Hank Ratner. The Dolans control the island's biggest cable television network and newspaper, while Rechler is the island's largest office landlord. In the other corner is the Barclays Center team. Call them the Brooklyn Globetrotters, coached by developer Bruce Ratner with a bench that includes Russian oligarch Mikhail Prokhorov and Jay Z.

Round 1 in the contest kicked off in May, with the announcement of four bidders, which was narrowed to just two the following month. Final proposals for the 63-acre property in Uniondale were submitted on Aug. 9. Nassau County Executive Ed Mangano is expected to announce a victor any day.

Both sides are aggressively swinging for the prize, which includes a share of ticket sales to events, dinner bills, bar tabs and receipts from the shops that both bidders plan to erect around the arena. The winner will control the property for 20 to 30 years.

Local officials say they are delighted at how the bout has shaped up—especially after two previous taxpayer-financed attempts to revamp the Coliseum went nowhere. Those setbacks prompted the Islanders hockey team to skate off to the Barclays Center, which will be its home as early as the 2014-2015 season.

"We're thrilled we have two industry giants prepared to reinvent the Coliseum," said Mr. Mangano.

For MSG, the contest is an opportunity to add another gem to the crown of its ever-expanding entertainment-venue business, which includes managing Radio City Music Hall, the Beacon Theater and the LA Forum. For Barclays, coming off a blockbuster inaugural year at its downtown Brooklyn arena, winning the Coliseum contract could mark the first step toward the launch of a business that not only competes with the Garden in New York City but around the world.

Wednesday, August 7, 2013

"A decade of kickbacks"

From the NY Post:

Forest City Enterprises, the real-estate behemoth whose subsidiary built the Barclays Center, has taken pay-to-play to new levels, an explosive new report charges.

The company has gotten indirect government subsidies totaling $2.6 billion over the last decade — or 23 percent of its $11.4 billion in revenues over the period, according to the report.

At the same time, the company and its subsidiaries, Forest City Ratner — which developed the Atlantic Yards, site of the Brooklyn arena — spent $23 million on political campaigns, according to Cause of Action, a nonprofit that conducted a detailed investigation of Forest City.

The oversight group accuses the company of a “decade of kickbacks” and coordinating its campaign contributions, and says it is investigating multiple companies that use “political connections for profit.”

In key election years, 85 percent of the company’s political contributions went to candidates where the company had real-estate projects, the group found.

Looking just at New York City, Forest City has spent $5 million on lobbying between 2002 and 2012.


Tell us something we don't know.

Friday, July 12, 2013

Plumbers sue Ratner over prefab construction

From the Daily News:

Developer Bruce Ratner's plan to build pre-fab apartment buildings at his Atlantic Yards complex dangerously ignores key building safety rules, union workers charge in a bombshell lawsuit.

The Plumbing Foundation claims in its suit that the Building Department is wrongly allowing Ratner to build the first phase of the $4.9 billion, 15-building residential and commercial project without using licensed plumbers and fire suppression contractors.

Because Ratner is using pre-fabricated — or modular — units, more than 60% of the construction of the project surrounding the Barclays Center is expected to be completed off-site.

The modules currently being built at the Brooklyn Naval Yard includes plumbing, gas and sprinkler piping for the world's tallest modular building, a 32-story residential structure named B2, slated to rise at Dean St. and Flatbush Ave.

But that construction is not being done by licensed workers, a violation of the city's strict building Administrative Code, according to the lawsuit.

Saturday, June 22, 2013

The sordid history of the Four Sparrow Marsh project


From the Daily News:

Construction on a project that includes a major car dealership has quietly started on a controversial piece of land in Mill Basin twice tied to scandal-scarred politicians who have tried to help developers buy the land from the city.

In April, the Bloomberg administration announced it had sold the 110,000-square-foot parcel near the Four Sparrow Marsh and the Belt Parkway to Brooklyn auto dealer Lilaahar (Sammy) Bical, owner of Kristal Auto Mall, one of the biggest Cadillac dealers on the East Coast.

Bical was helped in his bid to obtain the land after paying tainted state Sen. John Sampson (D-Canarsie) a $10,000 "retainer fee" to help arrange a sit-down with Bloomberg administration officials, the News reported last month.

Those meetings occurred in early 2012, and this past March the city sold him the land for $4.2 million.

Sampson and his lawyer, Zachary Carter, did not respond to calls seeking comment.

The FBI is investigating whether Sampson broke the law by seeking and receiving retainer fees from Bical, and another businessman, in an unrelated case, who sought his assistance in dealing with the government, sources said.

Originally, the city planned to sell the land to Forest City Ratner to build a mini mall. That plan was scuttled in September 2011 after a Forest City Ratner official was revealed to have asked disgraced former state Sen. Carl Kruger for state funds, according to a criminal complaint.

As part of the new deal, the city also sold Toys R Us the land it currently occupies for $13 million.

The first part of construction, which has just begun, entails carving out a spot for a new parking lot for the toy store, which park advocates charge is being built on protected marsh land. The expanded car dealership will later be built on the old Toys R Us parking lot, city officials said.

Conservation groups and park advocates plan to sue to block the city's sale of the land on the grounds that it lacked proper state approval.

Sunday, May 26, 2013

Classic case of "you scratch my back, I'll scratch yours"

From the Daily News:

For elected officials, it’s part of the job: assisting constituents with problems.

When some people sought the help of Brooklyn state Sen. John Sampson, he allegedly demanded that they hire him as their lawyer.

The FBI is investigating whether the Sampson broke the law by seeking and receiving retainer fees from at least two businessmen who sought his assistance in dealing with the government, the Daily News has learned.

In both cases, the FBI taped the businessmen discussing their involvement with Sampson, sources say.

Sources familiar with the investigation say a focus of their inquiry is the “retainer fees” Sampson has demanded for the kind of work that other elected officials typically perform as part of their jobs.

Sampson was once one of Albany’s most powerful politicians, rising to the top of the Senate’s leadership in 2009 after Democrats became a majority in the chamber. He lost power two years later when Democrats lost their control of the Senate.

And like dozens of other state legislators, Sampson works on the side as an attorney. His Senate biography notes he represents clients in “real estate, criminal and election matters.”

Neither Sampson nor his lawyer, Zachary Carter, responded to written questions about the retainer fees.

One of those questioned by the FBI, sources say, is Brooklyn auto dealer Lilaahar (Sammy) Bical, owner of Kristal Auto Mall, one of the biggest Cadillac dealers on the East Coast.

Last year the FBI confronted Bical about Sampson’s role in helping him eliminate hurdles blocking Bical’s plan to buy a city-owned plot on Flatbush Ave. near the Belt Parkway.

Bical wanted the land to expand his dealership. But he faced opposition from some local politicians, including then-Sen. Carl Kruger (D-Brooklyn), who was trying to help developer Bruce Ratner build a shopping mall on the same property (Kruger was later indicted in an unrelated case and is now in prison).

Seeking help, Bical turned to Sampson. The senator requested a $10,000 “retainer fee” up front, and Bical wrote the check, sources say. Soon after, Sampson arranged a sit-down with Bloomberg administration officials at City Hall.

Kristal Auto Mall on Kings Highway is owned by Sammy Bical, who allegedly paid Sen. John Sampson $10,000 for a an eventual sit-down meeting with the Bloomberg administration that led him to buy $4.2 million for a plot of land to expand the dealership.

A spokesman for the city Economic Development Corp., which oversaw the land sale, confirmed that Sampson “provided legal counsel to Mr. Bical at a certain point and did meet with EDC a few times.”

A city official, speaking on condition of anonymity, described the meetings as “an awkward situation because he’s not just a lawyer — he’s also a senator.”


And lawyering while politicking is currently legal.

Thursday, April 18, 2013

Ratner eyeing Queens projects

From Crains:

MaryAnne Gilmartin took over as president and chief executive of Forest City Ratner, one of the city's most prolific developers, on Wednesday. She succeeds the company's long-time Chief Executive Bruce Ratner, who had announced he would step down earlier this year.

In her new role Ms. Gilmartin will take over one of the city's most ambitious developments, Atlantic Yards on the edge of downtown Brooklyn where Forest City Ratner finished work on the Barclays Center in September and in December began building a rental apartment building next door, the first of up to 15 such properties it plans to raise at the site.

In addition, she said she will also work to build up a new pipeline of development sites, particularly in Queens, and will work to make the Metrotech Center, a complex of office buildings Forest City Ratner began building along Flatbush Avenue in downtown Brooklyn in the late 1980s, appealing to technology and creative companies. Originally, it was pitched as ideal back office space for major Wall Street firms.

While many developers have focused on areas like Manhattan's far West Side, Ms. Gilmartin said she is looking to create new projects in Queens, though she declined to specify what neighborhoods she would focus on.

"The West Side is crowded," Ms. Gilmartin said. "I like the East Side and Queens."


Greeeeaaaattt.

It's easy to run a company like FC Ratner when the City is throwing millions of dollars in corporate welfare at you.