Aqueduct Entertainment Group, the winning bidder to develop a casino-type operation at the Queens Racetrack, is losing a member. The group today announced that Darryl Greene had dropped out of the team, losing his 0.6 percent stake in the bid.
This better explains how AEG, which is battling a whirlwind of negative attention given allegations Read More
Facing increasing criticism for selecting a politically-connected bidder to develop slot machines at the Aqueduct race track, Governor Paterson released a statement Thursday afternoon stressing that legislative leaders had agreed on the choice.
The statement appeared to be a riposte at Assembly Speaker Sheldon Silver, who Friday stated a list of conditions (and sent a Read More
Jeffrey Levine, the president of Douglaston Development and an influential real-estate developer, is resisting the cap that the state financing agency has placed on tax-exempt bonds for mixed-income apartment buildings.
Mr. Levine is one of two developers who received permission to use tax-exempt financing in the waning days of the Pataki administration. (The other one Read More