ratnerville

Tue, 26 Jul 2005 00:08:02 -0500

Develop Don't Destroy Brooklyn also recommends reading this so that Gothamist and gotham dwellers can get the muddy numbers clear. Its not too difficult (read: Extell has offered way more cash, and Ratner has padded his piddly $50 million with extras that Extell will build as well.) Thats where Gothamist got it wrong. Ratner and Extell are proposing to build the same things for the MTA, a platform and a new, relocated rail yard. Yet that Greed Machine Ratner decided that those costs should be included in his purchase price. When I buy some property I'd love to consider the cost of future improvements part of my purchase price. Hey you, your property is worth 100 million? HOW ABOUT I'll give you 50 million for that land, and since i'm going to pour another 50 million into it, why don't you just pretend, along with me, that I'm paying you 100 million. anyway, I digress. that chart again at DDDB which explains it, is here

Gothamist: MTA Ponders Brooklyn Railyard Bids

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