Close Stay up-to-date with
Observer.com Newsletters
Sign up for Observer Newsletters!
RSS Feed
The New York Observer

Ratner-Style Deal with Columbia University?

View Story On One Page View Story On One Page Print This Story Print This Story Share This Story Share This Story
August 15, 2005 | 6:49 a.m.

columbiarenderManhattanville residents are gearing up to make an agreement with Columbia University to get jobs and other benefits into the Ivy League school's planned expansion project. But activists told The Real Estate they're not looking east to Brooklyn--where developer Bruce Ratner wants to build a massive mixed-use complex built around a stadium for the Nets--for their example. Forest City Ratner Cos. made a deal with a coalition of local groups (including a local chapter of the national group, ACORN) to include affordable housing and job benefits for the neighborhood in their plan. But, said Jordi Reyes-Montblanc, the chairman of Community Board 9, only eight organizations were a part of it. "We are avoiding the Brooklyn model," he said. "We are wanting to do something else. We are wanting to develop a wide coalition of organizations and people that will be properly represented, perhaps through a local development corporation, but it's not going to be ACORN negotiating for the community or any similar type of thing." Reyes-Montblanc said that negotiations on the "community benefits agreement"--which is the term for these contracts in which a developer promises a certain number of jobs to local residents or affordable apartments or both--will start once the environmental impact statement is complete. Columbia University's press office issued a statement saying the university is "willing to discuss long term benefits that are aligned with the university's mission as an educational institution. Whether or not that results in some sort of formal binding agreement is still undecided." The fact that only eight groups signed the Brooklyn agreement of course opened it up to easy criticism from opponents who claimed it didn't represent the community. By the way, the coalition that signed the Brooklyn agreement sent out a press release Aug. 4--a group of South African officials had stopped by to take a look--and at the time the coalition claimed that "more than 200 organizations have affirmed" the agreement since its signing in June—meaning they supported the idea even if they were not involved in negotiating the agreement or will be a part of enforcing it. The Real Estate asked for the list and counted fewer than 175; and that's only if "organizations" include elected officials, restaurants and real-estate agencies, as well as block associations and the like. But we were nonetheless surprised it had traveled so far, so fast. Why, there are groups from as far away as Queens and Manhattan on this list! (Are they part of the "community" in downtown Brooklyn?) - Matthew Schuerman

Post a Comment The Discussion

Thank you for the information

www.observer.com is very informative. The article is very professionally written. I enjoy reading www.observer.com every day. I was looking for the for the following services bad credit loans canada payday loans canadian payday loans cash advance loans faxless payday loans loans online payday loan online payday loans online payday loans canada payday payday advance payday loan payday loans pay day loans payday loans canada payday loans in canada payday loans online
advance loan
and discovered that payday loans can help in times when your credit sucks, but you urgently need cash.

Post a Comment
Not a registered user? Register here.
Don't have an Observer.com account? You can use your Facebook account instead.