Gothamist: Atlantic Yards Project Gets Big Bond Break from IRS

megs

Wed, 22 Oct 2008 15:13:39 -0500

Ratner rattus rattus. With Il Douche Bloomberg pulling the strings, we get to hand over our homes, hundreds of millions dollars to Ratner, the Steinbrenners, and any other rich fuck; along with hizzoner overturning term limits, when the referendums didn't work for him anymore. Bloomberg and his band of thieves needs to be thrown in jail. Forever.

arsguide

Wed, 22 Oct 2008 13:32:03 -0500

the rich can't lose. They control the thing that makes the rules. Don't own the land, use emminent domain to get it. Can't get money to build it, get the govt to not collect taxes on the bonds. Make risky bad investments but instead of losing money you get the govt to step in and buy them from you. Rich and poor, equal among the law, my ass.

hungryghoast

Wed, 22 Oct 2008 12:27:01 -0500

a bit late to review the absolute bullshit that is evicting residents citing eminent domain for a Fucking Arena.... but yeh, let's review it and realize it for the crock of shit it is. Times like this I wonder if NY Press still does it's "Top 50 Most Despicable New Yorkers" ...Ratner makes #1 on that list, no?

thefacts

Wed, 22 Oct 2008 11:12:06 -0500

Let's hear from the people who vilify people on gothamist regarding rent stabilization rationalize this - another economic break for the billionaires.

NannyState

Wed, 22 Oct 2008 11:06:42 -0500

Atlantic yards didn't even exist before Oct.19 2006.So anyone can make a pretty drawing and then retroactively apply for tax-free bonding?

Toby von Meistersinger

Wed, 22 Oct 2008 11:01:39 -0500

There was probably some quid pro quo here, that is the way these things work.

hitlerbaby

Wed, 22 Oct 2008 10:49:21 -0500

oh, good.