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	<title>Observer &#187; Bruce Ratner &#8220;Walked Between the Legal Raindrops&#8221;</title>
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		<title>Observer &#187; Bruce Ratner &#8220;Walked Between the Legal Raindrops&#8221;</title>
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		<title>Bruce Ratner &#8220;Walked Between the Legal Raindrops&#8221;</title>

		<comments>http://observer.com/2012/01/bruce-ratner-walked-between-the-legal-raindrops/#comments</comments>
		<pubDate>Tue, 10 Jan 2012 16:01:01 -0400</pubDate>
					<link>http://observer.com/2012/01/bruce-ratner-walked-between-the-legal-raindrops/</link>
			<dc:creator>Matt Chaban</dc:creator>
				
		<guid isPermaLink="false">http://www.observer.com/?p=210964</guid>
		<description><![CDATA[<p><div id="attachment_210965" class="wp-caption alignleft" style="width: 310px"><a rel="attachment wp-att-210965" href="http://www.observer.com/2012/01/bruce-ratner-walked-between-the-legal-raindrops/ratner-would-consider-building-more-target-stores-in-new-york-city/"><img class="size-medium wp-image-210965" title="Ratner Would Consider Building More Target Stores In New York City" src="http://nyoobserver.files.wordpress.com/2012/01/bruce_ratner.jpg?w=400&h=266" alt="" width="300" height="200" /></a><p class="wp-caption-text">Rain man. (Getty)</p></div></p>
<p>That is Michael Powell's <a href="http://www.nytimes.com/2012/01/10/nyregion/in-corruption-scandals-recurring-ties-to-a-developer-forest-city-ratner.html">assessment of the Brooklyn developer</a> in his column in today's <em>Times</em>, noting that Mr. Ratner is involved in at least two corruption scandals involving state politicians.<!--more--></p>
<blockquote><p>Federal prosecutors have not implicated him or his company, Forest City Ratner, in either of these corruption cases.</p>
<p>But he figures prominently enough that the indictments identify him as  “Developer No. 1” in Brooklyn and “Developer No. 2” in Yonkers. In  Brooklyn, he has pushed the 22-acre Atlantic Yards development, including an arena and residential towers. Forest City  Ratner was the development partner for the headquarters of The New York  Times Company.</p>
<p>Mr. Ratner has a political maestro’s touch. His vice president, Bruce  Bender, is a stalwart of the Democratic Party’s powerful Thomas  Jefferson Club in south Brooklyn. Its members — Mr. Kruger, Councilman  Lewis A. Fidler and State Senator John L. Sampson — quickly championed  this project.</p>
<p>Mr. Bender was a hound to the chase after public subsidies. In 2009, the  city’s Independent Budget Office concluded that the arena deal would  cost the city $40 million more than it would generate in tax revenue  over 30 years.</p>
<p>Mr. Ratner, by contrast, would haul in $726 million in special public benefits.</p>
</blockquote>
<p><a href="http://timesratnerreport.blogspot.com/">Who says</a><em> The Times</em> never goes after Mr. Ratner. Not that the paper managed to stop either of the projects while they were in the works.</p>
<p><strong><a href="mailto:mchaban@observer.com">mchaban [at] observer.com</a></strong> |<strong> <a href="http://twitter.com/MC_YC">@MC_NYC</a></strong></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_210965" class="wp-caption alignleft" style="width: 310px"><a rel="attachment wp-att-210965" href="http://www.observer.com/2012/01/bruce-ratner-walked-between-the-legal-raindrops/ratner-would-consider-building-more-target-stores-in-new-york-city/"><img class="size-medium wp-image-210965" title="Ratner Would Consider Building More Target Stores In New York City" src="http://nyoobserver.files.wordpress.com/2012/01/bruce_ratner.jpg?w=400&h=266" alt="" width="300" height="200" /></a><p class="wp-caption-text">Rain man. (Getty)</p></div></p>
<p>That is Michael Powell's <a href="http://www.nytimes.com/2012/01/10/nyregion/in-corruption-scandals-recurring-ties-to-a-developer-forest-city-ratner.html">assessment of the Brooklyn developer</a> in his column in today's <em>Times</em>, noting that Mr. Ratner is involved in at least two corruption scandals involving state politicians.<!--more--></p>
<blockquote><p>Federal prosecutors have not implicated him or his company, Forest City Ratner, in either of these corruption cases.</p>
<p>But he figures prominently enough that the indictments identify him as  “Developer No. 1” in Brooklyn and “Developer No. 2” in Yonkers. In  Brooklyn, he has pushed the 22-acre Atlantic Yards development, including an arena and residential towers. Forest City  Ratner was the development partner for the headquarters of The New York  Times Company.</p>
<p>Mr. Ratner has a political maestro’s touch. His vice president, Bruce  Bender, is a stalwart of the Democratic Party’s powerful Thomas  Jefferson Club in south Brooklyn. Its members — Mr. Kruger, Councilman  Lewis A. Fidler and State Senator John L. Sampson — quickly championed  this project.</p>
<p>Mr. Bender was a hound to the chase after public subsidies. In 2009, the  city’s Independent Budget Office concluded that the arena deal would  cost the city $40 million more than it would generate in tax revenue  over 30 years.</p>
<p>Mr. Ratner, by contrast, would haul in $726 million in special public benefits.</p>
</blockquote>
<p><a href="http://timesratnerreport.blogspot.com/">Who says</a><em> The Times</em> never goes after Mr. Ratner. Not that the paper managed to stop either of the projects while they were in the works.</p>
<p><strong><a href="mailto:mchaban@observer.com">mchaban [at] observer.com</a></strong> |<strong> <a href="http://twitter.com/MC_YC">@MC_NYC</a></strong></p>
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