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

Monday, January 28, 2013

CM James Questions AY Modular Development At City Council Oversight Hearing

Contact: Aja Worthy-Davis (212) 788-7081

Council Member Letitia James Questions AY Modular Development At City Council Oversight Hearing 

(New York, NY)— On Tuesday, January 22, 2013, at a New York City Council Housing Committee Oversight Hearing, Council Member Letitia James joined her colleagues, union-aligned contractors, and others in discussing modular building development. Modular or pre-fabricated construction refers to a building method in which building portions are constructed off-site (often in a factory). SHoP Architects have designed modular residential towers that should allow Atlantic Yards developer Forest City Ratner (FCR) to save considerable costs.

Council Member Letitia James, representing Brooklyn’s 35th Council District which houses Barclay’s Arena and the developing Atlantic Yards site, asserted that modular development has the risk of producing low-quality construction. For a comprehensive construction such as Atlantic Yards—where the 32-story modular residential tower currently in development will stand as the nation’s largest modular development—this constitutes an experiment that may not stand the test of time.

Recent media reports have stated that the steel panels that line Barclays Arena “have occasionally dripped rusty orange blossoms onto the sidewalk,” noting that “iron workers have replaced hundreds of bolts that anchor the panels to the building’s structure. Engineers determined that weaker ones were originally installed, raising concerns about the structure’s integrity.”

Representatives of the city’s Department of Buildings and FCR testified at the hearing that there were considerable benefits to high-rise modular construction, while union representatives argued that prefabricated (off-site) construction could permit the developer to work without the supervision of licensed plumbers, electricians, and other experts.

“I am deeply concerned that we are compromising safety for the bottom line,” said Council Member Letitia James.

-- Epoch Times: Prefab High Rises: Future of Construction or Imminent Failure? (http://www.theepochtimes.com/n2/united-states/prefab-high-rises-future-of-construction-or-imminent-failure-338875.html)
Atlantic Yards Report: At Council hearing, Department of Buildings slammed for allowing Forest City to build modular without licensed trades; did developer get city to bend rules? (http://atlanticyardsreport.blogspot.com/2013/01/at-council-hearing-department-of.html)

Wednesday, October 10, 2012

CM JAMES CALLS ON THE NYS LIQUOR AUTHORITY TO REQUIRE CERTAIN LIQUOR LICENSE APPLICATIONS TO INCLUDE SECURITY, COMMUNITY SAFETY PLAN

**FOR IMMEDIATE RELEASE**
SEPTEMBER 26, 2012

Contact: Aja Worthy-Davis (212) 788-7081

COUNCIL MEMBER LETITIA JAMES CALLS ON THE NYS LIQUOR AUTHORITY TO REQUIRE CERTAIN LIQUOR LICENSE APPLICATIONS TO INCLUDE SECURITY, COMMUNITY SAFETY PLAN 

(New York, NY)— On Monday, September 21, 2012, Council Member Letitia James introduced a resolution into the New York City Council. The resolution calls on the New York State Liquor Authority (SLA) to further protect local communities through more thoroughly communicating with residents, community leaders, and local elected officials concerning liquor licensing; and to require liquor license applications for large venues to include thorough security and community safety plans.

Currently, the SLA requires any business entity applying for a liquor license to submit a 30-day notification form to the local community board. The 30-day notification process is meant to afford all those affected an opportunity to voice their position. A Brooklyn Speaks petition signed by nearly 1,400 residents requested that Barclays Center’s license be limited to serving drinks during ticketed arena events only, and must mandate an end to liquor sales after half time at an NBA game, 45 minutes before the end of an event, or at 10:00PM—whichever comes first. Although Barclay’s Center complied with the 30-day notification requirement, and public hearings were held, developer Forest City Ratner and the SLA did not implement an early cutoff for alcohol sales (as had been consistently requested and outlined in the community-centered Barclays Center Neighborhood Protection Plan). Instead, the Board voted to impose a 1:00AM cut off for liquor sales at the arena.

“It is important that the State Liquor Authority understand that even with the most meticulous crowd management imaginable, the opening of an arena that serves alcohol into the morning will affect residential life in the surrounding community,” said Council Member Letitia James. “I would certainly hope that when the next big arena is developed in New York City, the SLA would make more of an effort to address quality-of-life concerns raised by the community.”

Stakeholders also requested that SLA require Forest City Ratner to clarify and make transparent their security and community safety plan prior to granting the license.

Barclay’s Center will soon be holding sporting events and concerts that seat up to 20,000 individuals.

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Thursday, August 30, 2012

ATTENTION: Barclays Arena Liquor License Approved; Cut-Off Time 1AM

Barclays Center was approved for its liquor license by the New York State Liquor Authority, despite concerns raised by Council Member James and community members (including a petition signed by nearly 1,400 residents). Contrary to requests for an early alcohol cut-off time, the Board voted to impose a 1:00AM cut off for liquor sales at the arena.

More information is available from Brooklyn Speaks here: http://www.brooklynspeaks.net/node/64

Tuesday, August 14, 2012

ATTENTION: Barclays Area Community Safety Meeting; 8/22

With the upcoming opening of Barclay Arena, and various Community Safety Concerns:

Please Join Council Member Letitia James and Captain Michael Ameri (of Brooklyn's 78th Precinct) to discuss and answer questions regarding the safety and quality of life concerns in residential communities after the September arena opening.

 • NYPD’s 78th Precinct will be responsible for policing the arena as well as enforcement of traffic and parking rules, protection of pedestrian safety and regulation of public behavior within a one-half mile radius around the arena block.

When: August 22nd, 2012
Time: 6:00PM
Where: 78th Precinct, 65 6th Avenue Corner of Bergen Street (4th Floor Court Room)

Monday, July 16, 2012

ATTENTION: HDC Public Hearing on AY Housing; 7/18

The New York City Housing Development Corporation (HDC) will be holding a TEFRA (Tax Equity and Fiscal Responsibility Act) public hearing to provide information regarding the process of securing financing for a housing tower at Atlantic Yards.

The hearing will take place at the office of the New York City Economic Development Corporation (EDC) on July 18, 2012 in Conference Room 4A/B at 110 William Street, 4th Floor, at 1:00 p.m.

Interested members of the public are invited to attend, and individuals will have an opportunity to make brief statements. For more information, please contact (866) 923-5315.

This tower is projected to contain 363 rental apartments, of which 50% of these units will be affordable to low-, moderate-, and middle-income households.

Friday, June 8, 2012

Committee for Arena Justice Call for Fulfillment of FCR Promises; 6/10



The Committee for Arena Justice (a coalition of community religious leaders) is demanding stronger oversight and the housing and (union/ living wage) jobs promised by Forest City Ratner for Barclays.

WHEN: Sunday, June 10, 2012
3:00PM

WHERE: corner of Atlantic Avenue and South Portland.

For more information, please contact (917) 532-4121.

Wednesday, March 7, 2012

CM James Comments On NYPD’S Move To Designate Policing Of Barclay's Arena To 78th Precinct

**FOR IMMEDIATE RELEASE**
March 6, 2012

Contact: Barbara Sherman (718) 260-9191

COUNCIL MEMBER LETITIA JAMES COMMENTS ON NYPD’S MOVE TO DESIGNATE POLICING OF BARCLAY’S ARENA TO 78TH PRECINCT
CITES NEED FOR COMMUNITY INCLUSION, CRITICIZES LACK OF TRANSPARENCY

(Brooklyn, NY)— “Media outlets have recently reported that the NYPD plans to designate policing of the Barclay’s Arena to the 78th Precinct in Brooklyn (which primarily covers Park Slope) when it opens in September 2012. The arena is located in Prospect Heights, which is covered by the 77th Precinct (with the boundaries for the 88th Precinct ending across the street).

Such a move has been justified by citing the 78th Precinct’s close proximity to the upcoming arena. This move would also greatly increase overtime for the precinct’s officers. However, police precinct boundaries are required to be coterminous with local district boundaries, subject to the New York City Charter process outlined in Section 2704(b). The NYPD unilaterally making decisions regarding the alignment of police precinct boundaries might then call into question other local governmental agencies that are similarly subject to coterminality requirements. These decisions have public policy and planning consequences, and should be further discussed with local elected officials and community stakeholders.

It is my position that the NYPD should place new officers in a police annex dedicated to the Barclay’s Arena site. The 77th, 78th, and 88th precincts should be working collaboratively to consult in these matters. Additionally, the cost of these new police officers— and all over time costs— should be underwritten by the developer. There is no reason to cherry-pick from one precinct over another, and no reason to take vital resources from any precinct. The most important factor is ensuring that the officers in these local precincts remain dedicated to community policing.”

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Earlier this year, Council Member James questioned Jane Marshall— a Forest City Ratner executive— on Barclay’s security issues including overtime costs for arena events, traffic agents, and the overall security plan for the arena. She has also requested a copy of the security plan from NYPD Commissioner Ray Kelly. There has been no response.

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Thursday, December 22, 2011

ATTENTION: FCR and CM James Again Provide FREE Waste Receptacles

Forest City Ratner (FCR) Companies and Council Member Letitia James are again providing free rodent-proof waste receptacles to 35th District residents.

The heavy-duty, plastic cans with lids are approved by the City's Department of Health.

The receptacles can be picked up at the District Office of Council Member James, 67 Hanson Place, between 9:30 a.m. and 5:30 p.m. Bring identification and proof of address when picking up, and call (718) 260-9191 to confirm availability.

Tuesday, November 22, 2011

ATTENTION: Additional Screenings of Battle for Brooklyn; Documentary In Oscar Running

If you have not yet seen the much. talked. about. Battle for Brooklyn, now is your time to do so. The documentary, co-directed by Suki Hawley and Michael Galinsky and produced by David Beilinson, chronicles the seven-year long fight between the Prospect Heights community and one of the largest real estate developers in the country. It features Council Member Letitia James as well as activist Daniel Goldstein and Develop Don't Destroy Brooklyn.

Upcoming Screenings:
Maysles Center, 343 Lenox Avenue (between 127 & 128 Streets), New York, NY
Dec 1, 7:30pm: Q&A with filmmakers
Dec 6, 7:30pm: Q&A with Mindy Fullilove and local community
Dec 9, 7:30pm: Q&A with Dan Goldstien

Brooklyn Heights, 70 Henry Street, Brooklyn, NY
Nov 23, 6:00pm
Nov 30, 6:00pm

Indie Screen, Williamsburg, 285 Kent Avenue at S. 2 Street, Brooklyn, NY
Nov 27, 5:00pm

The Academy recently announced that Battle for Brooklyn is one of 15 films listed for an Oscar in the Documentary Feature category. The five final nominees will be announced in January 2012.

Tuesday, November 15, 2011

CM James, Elected Officials, and Advocates Hold Press Conference In Response to Deceptive AY Training Program; 11/15

**FOR IMMEDIATE RELEASE**
NOVEMBER 14, 2011

Contacts: Amyre Loomis at (718) 260-9191, and Molly Thomas-Jensen at (718) 237-5527

COUNCIL MEMBER JAMES, STATE SENATOR VELMANETTE MONTGOMERY, SOUTH BROOKLYN LEGAL SERVICES, CLERGY AND COMMUNITY TO HOLD PRESS CONFERENCE IN SUPPORT OF BROOKLYN RESIDENTS PERSUADED INTO PARTICIPATING IN DECEPTIVE ATLANTIC YARDS TRAINING PROGRAM
PRESS CONFERENCE THIS TUESDAY, NOVEMBER 15, 3:30PM AT 67 HANSON PLACE AND SOUTH ELLIOTT PLACE - IN FRONT OF THE DISTRICT OFFICE OF COUNCIL MEMBER JAMES

Federal lawsuit to be filed against Forest City Ratner Companies LLC, and others for damages based on unpaid wages and false promises

(Brooklyn, NY)- A group of Brooklyn residents who participated in a job-training program negotiated as part of the Atlantic Yards project plan to file a federal lawsuit against the Atlantic Yards Development Company LLC, Brooklyn Arena LLC, Brooklyn United for Innovative Local Development, Forest City Ratner Companies LLC, Bruce Ratner and others.

The suit seeks the recovery of unpaid wages as well as damages based on false promises. The plaintiffs are represented by South Brooklyn Legal Services (a program of Legal Services NYC) and Emery Celli Brinckerhoff & Abady LLP.

WHO: Elected Officials, Clergy, Lawyers, and Plaintiffs

WHAT: Press Conference to Announce Lawsuit against Atlantic Yards Development Company LLC and others

WHEN: Tuesday, November 15 at 3:30pm

WHERE: 67 Hanson Place and South Elliott Place in front of the District Office of NYC Council Member Letitia James

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Friday, September 16, 2011

CM James Comments on ESDC & FCR Appeal Of Court Decision On Ordering Additional Environmental Review Of AY Project

**FOR IMMEDIATE RELEASE**
September 15, 2011

Contact: Amyre Loomis at (718) 260-9191

COUNCIL MEMBER LETITIA JAMES COMMENTS ON EMPIRE STATE DEVELOPMENT CORPORATION AND FOREST CITY RATNER COMPANIES’ APPEAL OF COURT DECISION ORDERING ADDITIONAL ENVIRONMENTAL REVIEW OF ATLANTIC YARDS PROJECT

(Brooklyn, NY)— “The drawn out Atlantic Yards project in Prospect Heights has anguished local affordable housing advocates, and become a hardship to businesses, residents, pedestrians and drivers. Residents in the area remember when community voices first rose together against the corporate will of Bruce Ratner’s Atlantic Yards. This project from its inception has posed a series of threats to the community.

As time moves forward, the mounting distance of Ratner’s promises becomes more apparent with this project. Ratner is not delivering on the 2,250 affordable housing units he promised, and Ratner has not fulfilled his promise of 17,000 jobs for the community. Simply put, ESDC and FCRC have not delivered much to the community, and continue to do an injustice to central and downtown Brooklyn residents by disregarding their voices. Will any of the affordable housing and jobs expectations - promises that Ratner originally proposed ever come to pass?

Now, advocates for affordable housing around the Atlantic Yards site will just have to wait; this appears to be the message sent by the Empire State Development Corporation (ESDC) and Forest City Ratner Companies (FCRC) at this time. Surprisingly, they will fight a court decision made last July that ordered additional environmental review of the Atlantic Yards project (a ruling that came after two years of litigation, which protested ESDC's plans to increase the length of the projection construction from 10 years to 25 years).

In filing the appeal, the ESDC will now have no obligation to obey the court order voiding New York State Supreme Court Judge Marcy Friedman’s direction to slow down/stop construction until the state agency conducts a new phase of environmental review of the project, including a Supplemental Environmental Impact Statement (SEIS); as well as a determination on whether to approve the MGPP for Phase II of the project, which constitutes the bulk of the project.

This potentially means that FCRC is able to continue building the arena until the appeals court hears the case - which could take a year or longer. Again, the community’s wishes are simply not considered by the ESDC and FCRC, who see no problem to burden the community with 25 years of construction. FCRC and ESDC are showing once again their commitment to using corporate power to block the community.

An environmental review of the project provides checks and balances, and is a process to protect community. It is obvious that the ESDC and FCRC do not want to spend time and money on a Supplemental Environmental Impact Statement because they know other issues might come up that would need to be negotiated. Fighting the court decision ordering additional environmental review of the Atlantic Yards project is yet another stalling tactic by FCRC and ESDC that undermines the protection of the community provided by the New York State Supreme Court. Also, the community continues to wait for Governor Cuomo to follow through on his promises to reform State government, and make the Atlantic Yards project a benefit for Brooklyn.”

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Thursday, August 11, 2011

ATTENTION: FCR Companies Provide FREE Waste Receptacles

FCR Companies Provide FREE Garbage Receptacles

Forest City Ratner (FCR) Companies will provide free waste receptacles to tenants, superintendents, and building owners near the Atlantic Yards project in an effort to address the Prospect Heights rodent infestation.

Health Department-approved lidded, heavy-duty trash cans are being offered by FCR to help keep rodents away from buildings.

**To be eligible, your building must be located: south of Atlantic Avenue from 4th Avneue to Vanderbilt Avenue; Vanderbilt Avenue from Atlantic Avenue to Bergen Street; Bergen Street from Vanderbilt Avenue to 4th Avenue; 4th Avenue (East side only) from Bergen Street to Atlantic Avenue.

How to get your free garbage can:
1. Make sure your building is located within the boundaries and has 12 units or fewer;
2. At pick-up, provide photo ID and proof of address by showing a utility bill with your unit number dated within the last three months;
3. Visit the Atlantic Yards Community Liaison Office located in the trailer on Carlton Avenue (between Pacific and Dean Streets).

Cans will be available during the following hours:
Monday, August 15th- 10am-4pm
Tuesday, August 16th- 10am-3pm and 6pm-8pm
Wednesday, August 17th- 10am-4pm
Thursday, August 18th- 10am-3pm and 6pm-8pm
Friday, August 19th- 10am-1pm

For more information on how to prevent rodents, please attend an educational forum hosted by Empire State Development and New York City Departments of Health and Sanitation at the Pacific Branch of the Brooklyn Public Library on--
Wednesday, August 17, 2011 from 6pm-8pm
.

For more information, please contact the Atlantic Yards Community Liaison Office at 1-866-923-5315 or communityliaison@atlanticyards.com.

Tuesday, May 10, 2011

Metrotech Board Votes on Management Agreement with DBP; Bookkeeping Issues Outlined in Comptroller Audit Report

**FOR IMMEDIATE RELEASE**
May 9, 2011

Contact Amyre Loomis at (718) 260-9191, (646) 201-8183

MetroTech Board Votes on Management Agreement with DBP - Despite City’s Uncovering of Bookkeeping Issues in recent Audit Report on Downtown Brooklyn Partnership’s Financial and Operating Practices

(Brooklyn, NY) - The text below is from an audit of the Downtown Brooklyn Partnership (DBP) that was posted today by the Office of the New York City Comptroller. This report is issued on the heels of Forest City Ratner having received the 51% Board support (last Friday) required to call a special session of the MetroTech Board, which is scheduled for tomorrow morning. The special session will consider adoption of the MetroTech BID budget for Fiscal Year 2012, as well as the MTBID entering into a management agreement with the Downtown Brooklyn Partnership, Inc.

“Ironically, the NYC Comptroller’s audit of DBP reveals that the Partnership has poor bookkeeping (including timekeeping and tracking of private contributions) and some procurement issues, which leads one to ask why would the MetroTech Board vote to give DBP more responsibility, if the organization already has problems (outlined below) managing the Court-Livingston and Fulton Mall BIDs? It is my hope that MetroTech Board members are fully aware of the NYC Comptroller’s audit findings before their meeting,” said Council Member James.

Audit Report: http://www.comptroller.nyc.gov/bureaus/audit/audits_2011/05-09-11_FN11-068A.shtm

Audit Findings and Conclusions:

Our review found that DBP lacks adequate controls to substantiate its payments to salaried employees. Specifically, our audit noted that DBP did not properly administer its employees’ work hours and leave records. Additionally, DBP does not have proper procedures and records to support the private contributions it receives. Without adequate procedures for the solicitation and collection of these funds, DBP cannot accurately determine its total amount of contributions. This ultimately affects the City’s ability to determine the appropriate amount of contract funds it awards to DBP. DBP also did not always comply with the procurement and reporting requirements of its City contract.

Based on our findings, we recommend that DBP:

§ Ensure the timekeeping system reflects employees’ work hours and time and attendance records to ensure effective tracking of employees’ absences.

§ Develop and maintain a list of private contributors and establish procedures to properly support and account for revenue from private contributions.

§ Adhere to the procurement requirements outlined in Section 6.02 of the contract.

§ Submit timely programmatic and financial reports to the Deputy Mayor’s Office in accordance with its contract with the City.

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Tuesday, November 9, 2010

CM James Congratulates DDDB and Community on Ruling Against Atlantic Yards Development

**For Immediate Release**

November 9, 2010


Contact: Amyre Loomis at (718) 260-9191

Victory At Last!

Congratulations to DDDB and Community on Ruling Against Atlantic Yards Development

State Supreme Court Justice Marcy S. Friedman issued a ruling today granting the motion by Develop Don't Destroy Brooklyn (DDDB), and other petitioners. The judge sided with DDDB and associated neighborhood groups stating that the Empire State Development Corporation (ESDC) did not properly consider the full 25-year schedule of the Atlantic Yards development project. The judge sent the case back to ESDC requiring a detailed, reasoned basis for its findings and support.

Justice Friedman criticized ESDC for the lack of transparency in its approval of Bruce Ratner’s Atlantic Yards project, highlighting that the environmental review process is meant to be an open process involving the public, as well as other interested agencies.

“The Court properly found that ESDC misrepresented the facts of the contracts and there were no requirements that FCRC complete the project,” said DDDB lead counsel Jeffrey S. Baker of the Albany, New York law firm of Young, Sommer, Ward, Ritzenberg, Baker & Moore, LLC. “ESDC’s lack of transparency was not just with respect to its own deliberations, but extended to trying to hide material facts from the Court. We are very pleased that Justice Friedman did not tolerate that behavior.”

Council Member Letitia James said: “It’s time that Forest City Ratner Corporation sit down with the community and incorporate aspects of the UNITY plan into his project, which focuses on affordable housing and buildings that compliment the community. Unfortunately, the taking of homes and businesses by eminent domain in absence of proper findings has already happened. I hold my ground and continue my objection to this entire development, the process, the land grabbing, and the waste of public funds. In light of Justice Friedman’s ruling, it’s critical that Governor Elect Andrew Cuomo examine the overall plan for the Atlantic Yards project, and meet with the community. Lastly, congratulations to DDDB, Prospect Height Neighborhood Development Council, and the community for their perseverance and victory.”

Monday, November 8, 2010

CM James Questions FCR At AY District Service Cabinet Meeting

On November 4, 2010, Council Member James co-sponsored a meeting (with Brooklyn Borough President Marty Markowitz) of the Atlantic Yards District Service Cabinet to discuss the development as well as ongoing traffic concerns.

Below is Council Member James' questioning FCR on their affordable housing promise, community involvement, and involvement of small/local businesses at Barclay's Center. She also addresses FCR's proposal to limit access to its developments, and ongoing parking concerns.



Read more info here.

*Video borrowed from the Atlantic Yards Report.

Friday, March 12, 2010

CM James Comments on Groundbreaking of Barclays Center at AY

**For Immediate Release**

March 11, 2010

Contact: Amyre Loomis at (718) 260-9191

Statement by Council Member Letitia James regarding the Ceremonial Groundbreaking of Barclays Center at Atlantic Yards

"It is a sad day in Brooklyn when basketball rules over affordable housing, schools, playgrounds, youth centers, libraries, and MetroCards for students. This ceremonial groundbreaking best represents the priorities of a few misguided men, and will do nothing to fix the budget deficits on either the State, or local levels.

The proposed Atlantic Yards Project is not about jobs or housing, but about bailing out a developer with friends in high places, for a NBA team that is the worst in the league. Governor Patterson and Mayor Bloomberg should commit today to refuse any additional public dollars towards this boondoggle and demand that the affordable housing be built immediately.

I will now take on the fight to keep Forest City Ratner Companies true to their promises: to build much needed affordable housing, provide opportunities for local women and minority businesses, and to mitigate the adverse affects of ongoing construction and traffic congestion in this district.

I refused to celebrate with FCR today, and I renew my objection to this entire project, the process, the land grabbing, and the waste of public funds."

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Wednesday, February 17, 2010

ATTENTION: CMs James, Lander, Levin and CBs Hold Public Info Meeting on Street Closings at AY

Council Members Letitia James, Brad Lander, & Stephen Levin
with Community Boards 2 and 8
present a
Public Information Meeting
on the
STREET CLOSINGS at ATLANTIC YARDS


Wednesday, February 24, 2010
6:00-8:00 PM
Lafayette Avenue Presbyterian Church
85 South Oxford Street
Brooklyn, NY, 11217

Representatives will be present from NYC Department of Transportation and Forest City Ratner Companies to brief interested residents of planned permanent street closings in the project area.

Wednesday, March 18, 2009

CM James Calls on Barclay’s Bank to Cancel Naming Rights Deal with Ratner

FOR IMMEDIATE RELEASE

March 18, 2009

$400 million more taxpayer money for Ratner???

Council Member James calls on Barclay’s Bank to cancel naming rights deal with Ratner

(Brooklyn, NY) “Staggering, that is the only word for it,” said Council Member Letitia James upon hearing that controversial Barclay’s Bank is receiving money from the federal bailout of insurance giant AIG. Some of the bailout money would likely be used to meet Barclay’s $400 million commitment to purchase the “naming rights” to Forest City Ratner’s proposed 18,000 seat arena in Prospect Heights, Brooklyn.

“Here we have a private bank trying to use taxpayer money to put their name all over a privately-held sports arena. That is clearly not what President Obama intended the Troubled Assets Relief Program (TARP) to accomplish. TARP is supposed to get banks lending to small businesses and homeowners, not to bail out a billionaire and his stalled mega-development,” said Council Member James.

“Taxpayers are more willing to support efforts to free up lending for critical needs but they will not and should not support frivolous naming rights deals like this one. Deals like this put the legitimacy of all future public spending in jeopardy, as well as jeopardize public trust in the government’s commitments of public money to this point. This is why I’m calling on Barclay’s and Ratner to terminate their deal regarding naming rights for the proposed arena. There should not be even the slightest hint that taxpayer money will be used to enrich a private developer and a British bank,” said Council Member James.

AIG has earned public scorn for doling out over $165 million in bonuses to employees after receiving $170 billion from the federal government.

Contact: Amyre Loomis at (718) 260-9191

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