Skip to main content

Scorning no-donation policy, FCR gives $58K to Assembly Campaign Committee (which doesn't need it)

Forest City Ratner, playing hardball in court and public relations, has now apparently reversed a pledge to refrain from campaign contributions, with a major unrestricted "soft money" donation last month: $58,420 to the Democratic Assembly Campaign Committee's Housekeeping account.

The donation--allowed via a campaign finance law loophole Common Cause has decried--may be payback to Assembly Speaker Sheldon Silver and an effort to ensure sympathetic legislators as Atlantic Yards proceeds, given that the Democrats are not about to lose their grip on the Assembly.

FCR consistently spends a lot of money on lobbying, but CEO Bruce Ratner years ago "sharply cut back" on campaign contributions, as a 2004 article from Newsday reported, quoting Ratner's friend Henry Stern: “He decided this was getting him into trouble, because every time he won a project, people would say it was because he gave money."

Then again, as I reported, brother Michael Ratner and sister-in-law Karen Ranucci, both Greenwich Village residents, have readily supported the Brooklyn Democratic machine, apparently doing Bruce Ratner's bidding.

"Soft money" for the Dems

A search on "Ratner" in the state campaign finance database shows that the company hadn't given any state political contributions in at least nine years until January 7, when the latest check was written. (The database only goes back to 1999.)

It was the third-largest contribution received since July, representing more than ten percent of the commitee's take for the Housekeeping account.

The "Housekeeping" loophole

And what's a Housekeeping account? As Common Cause reported in August 2006, it offers donors--corporations, organizations, etc.--a loophole, allowing unlimited donations for the vague concept of "party building" (aka "soft money"), despite a general $5000 annual limit on corporate contributions.
(Here's a list of contributors the New York Observer compiled at the time.)

Common Cause observed:
The size of these contributions, their origin and the fact that current or hopeful elected officials are involved in soliciting them raise serious concerns about the potential for corruption or its appearance.

The second major problem is that while the theory behind our state’s soft money loophole is that these funds will be used only for party building purposes and not for candidate elections, this legal barrier does not hold up in practice.


Common Cause's conclusion:
The potential it creates for corruption or its appearance means that New York State leaders must ban soft money.


Payback or pay forward?

Given that the Democrats have long controlled the Assembly and are in no danger of losing their majority, the contribution might be seen as payback to Assembly Speaker Sheldon Silver, who produced a crucial December 2006 approval vote for Atlantic Yards as a member of the Public Authorities Control Board.

The crucial test for Democrats in New York is control of the State Senate, long held by the Republicans in New York's peculiar "three men in a room" tradition of political spoils. The Republicans' three-seat edge is now in jeopardy. Will Forest City Ratner donate to the New York Democratic Senate Campaign Committee?

Then again, the contribution may be aimed to ensure that state subsidies, including housing subsidies, are made available, and that the Assembly be willing to consider future support for the project. (Extraordinary infrastructure, anyone?)

City contributions

A check of the city campaign finance database shows that Forest City Ratner gave contributions to candidates in city elections as late as 2002: the two most recent contributions were $4500 on 11/21/01 to Public Advocate candidate Betsy Gotbaum and $4500 on 1/10/02 to C. Virginia Fields, running for Manhattan Borough President. Gotbaum notably claimed to be against eminent domain while supporting AY.

Comments

Popular posts from this blog

Barclays Center/Levy Restaurants hit with suit charging discrimination on disability, race; supervisors said to use vicious slurs, pursue retaliation

The Daily News has an article today, Barclays Center hit with $5M suit claiming discrimination against disabled, while the New York Post headlined its article Barclays Center sued over taunting disabled employees.

While that's part of the lawsuit, more prominent are claims of racial discrimination and retaliation, with black employees claiming repeated abuse by white supervisors, preferential treatment toward Hispanic colleagues, and retaliation in response to complaints.

Two individual supervisors, for example, are charged with  referring to black employees as “black motherfucker,” “dumb black bitch,” “black monkey,” “piece of shit” and “nigger.”

Two have referred to an employee blind in one eye as “cyclops,” and “the one-eyed guy,” and an employee with a nose disorder as “the nose guy.”

There's been no official response yet though arena spokesman Barry Baum told the Daily News they, but take “allegations of this kind very seriously” and have "a zero tolerance policy for…

Behind the "empty railyards": 40 years of ATURA, Baruch's plan, and the city's diffidence

To supporters of Forest City Ratner's Atlantic Yards project, it's a long-awaited plan for long-overlooked land. "The Atlantic Yards area has been available for any developer in America for over 100 years,” declared Borough President Marty Markowitz at a 5/26/05 City Council hearing.

Charles Gargano, chairman of the Empire State Development Corporation, mused on 11/15/05 to WNYC's Brian Lehrer, “Isn’t it interesting that these railyards have sat for decades and decades and decades, and no one has done a thing about them.” Forest City Ratner spokesman Joe DePlasco, in a 12/19/04 New York Times article ("In a War of Words, One Has the Power to Wound") described the railyards as "an empty scar dividing the community."

But why exactly has the Metropolitan Transportation Authority’s Vanderbilt Yard never been developed? Do public officials have some responsibility?

At a hearing yesterday of the Brooklyn Borough Board Atlantic Yards Committee, Kate Suisma…

No, security guards can't ban photos. Questions remain about visibility of ID/sticker system.

The bi-monthly Atlantic Yards/Pacific Park Community Update meeting June 14, held at 55 Hanson Place, addressed multiple issues, including delays in the project, a new detente with project neighbors,concerns about traffic congestion, upcoming sewer work and demolitions, and an explanation of how high winds caused debris to fly off the under-construction 38 Sixth Avenue building. I'll have more coverage.
Security issues came up several times at the meeting.
Wayne Bailey, a resident who regularly takes photos and videos (that I often use) of construction/operations issues that impact residents, asked representatives of Tishman Construction if the security guard at the sites they're building works for them.
After Tishman Senior VP Eric Reid said yes, Bailey asked why a guard told him not to shoot video of the site, even though he was on a public street.

"I will address it with principals for that security firm," Reid said.
Forest City Ratner executive Ashley Cotton, the …

Barclays Center event June 11 to protest plans to expand Israeli draft; questions about logistics

At right is a photo of a poster spotted in Hasidic Williamsburg right. Clearly there's an event scheduled at the Barclays Center aimed at the Haredi Jewish community (strict Orthodox Jews who reject secular culture), but the lack of English text makes it cryptic.

The website Matzav.com explains, Protest Against Israeli Draft of Bnei Yeshiva Rescheduled for Barclays Center:
A large asifa to protest the drafting of bnei yeshiva in Eretz Yisroel into the Israeli army that had been set to take place this month will instead be held on Sunday, 17 Sivan/June 11, at the Barclays Center in Downtown Brooklyn, NY. So attendees at a big gathering will protest an apparent change of policy that will make it much more difficult for traditional Orthodox Jewish students--both Hasidic (who follow a rebbe) and non-Hasidic (who don't)--to get deferments from the draft. Comments on the Yeshiva World website explain some of the debate.

The logistical questions

What's unclear is how large the ev…

Atlantic Yards/Pacific Park graphic: what's built/what might be coming (post-dated pinned post)

Click on graphic to enlarge. This is post-dated to stay at the top of the blog. It will be updated as announced configurations change and buildings launch. The August 2014 tentative configurations proposed by developer Greenland Forest City Partners will change, and the project is already well behind that tentative timetable.


Atlanta's Atlantic Yards moves ahead

First mentioned in April, the Atlantic Yards project in Atlanta is moving ahead--and has the potential to nudge Atlantic Yards in Brooklyn further down in Google searches.

According to a 5/30/17 press release, Hines and Invesco Real Estate Announce T3 West Midtown and Atlantic Yards:
Hines, the international real estate firm, and Invesco Real Estate, a global real estate investment manager, today announced a joint venture on behalf of one of Invesco Real Estate’s institutional clients to develop two progressive office projects in Atlanta totalling 700,000 square feet. T3 West Midtown will be a 200,000-square-foot heavy timber office development and Atlantic Yards will consist of 500,000 square feet of progressive office space in two buildings. Both projects are located on sites within Atlantic Station in the flourishing Midtown submarket.
Hines will work with Hartshorne Plunkard Architecture (HPA) as the design architect for both T3 West Midtown and Atlantic Yards. DLR Group will be t…

Not quite the pattern: Greenland selling development sites, not completed condos

Real Estate Weekly, reporting on trends in Chinese investment in New York City, on 11/18/15 quoted Jim Costello, a senior vice president at research firm Real Capital Analytics:
“They’re typically building high-end condos, build it and sell it. Capital return is in a few years. That’s something that is ingrained in the companies that have been coming here because that’s how they’ve grown in the last 35 years. It’s always been a development game for them. So they’re just repeating their business model here,” he said. When I read that last November, I didn't think it necessarily applied to Atlantic Yards/Pacific Park, now 70% owned (outside of the Barclays Center and B2 modular apartment tower), by the Greenland Group, owned significantly by the Shanghai government.
A majority of the buildings will be rentals, some 100% market, some 100% affordable, and several--the last several built--are supposed to be 50% market/50% subsidized. (See tentative timetable below.)

Selling development …