Joe DePlasco
Forest City Works, But Does Not Own
The developer agreed to buy the property from the M.T.A. back in September 2005 for $100 million, but there are some "technical issues" that have yet to be resolved before closing the deal, M.T.A. spokesman Sam Zambuto told The Real Estate.
"At this point, there is no time-frame set for closing the deal," he said.
Neither Mr. Zambuto nor Forest City spokesman Joe DePlasco would say whether the company was waiting until lawsuits were resolved before closing. Mr. DePlasco said the work was being done under a "license agreement."
Maybe that's not so surprising: Would you pay that much for a rusty old rail yard unless you were really sure you could put it to use?
- Matthew Schuerman UPDATE: Mr. Zambuto called back to add that there was no written agreement that stipulated that deal would have to wait until the lawsuits are resolved.
Ratner's Gift
Well, Forest City spokesman Joe DePlasco tells us that figure is the total amount budgeted to be given the group, the Downtown Brooklyn Educational Consortium, but that the developer has written checks for only about half of that so far.
In November, Forest City announced an $87,000 grant, and another $87,000 installment was given out since then--but never announced.
Which is funny, because the last time Forest City tried to give out money but didn't let anybody know, it caused a big headache, and they resolved to announce future gifts in the future . This headache is admittedly smaller, but it still must smart a little.
So why didn't they announce this one ahead of time?
"We hoped you would catch us," DePlasco said. "What can I tell you? We've said repeatedly that we would support groups in the community and this is an example of doing that."
He would not specify whether other signatories to the community benefits agreement had received grants since the last official announcement in November.
-Matthew SchuermanDoing a Number on Atlantic Yards
That’s news—assuming that “first-time homeowners” would be low- or middle-income families. In the agreement signed last May, Ratner and ACORN said only that they would “work on a program to develop affordable for-sale units, which are intended to be in the range of 600 to 1,000 units.” read more »
The Underberg Is Falling Down
But they better hurry. Opponents of the Atlantic Yards project will get another chance to delay the demolitions of several buildings—the Underberg will be just the first--when they file a motion for a preliminary injunction March 1, according to Candace Carponter, spokeswoman for the opposition group Develop—Don’t Destroy Brooklyn. That preliminary injunction, if successful, would forestall all tear-downs until a full hearing the week of March 13.
No action Tuesday on the more unusual and far-reaching part of this case which the activists won last week: David Paget’s conflict of interest. That decision, appealed by Empire State Development Corporation, will be reviewed at the full hearing.
-Matthew SchuermanCunningham to Klores
Six on one hand, thousands on other
Out of the Woods?
The press release is a tacit acknowledgment of how much Forest City’s public relations strategy had veered off course. Instead of doing stories about how much good these community organizations were going to do for the community, the media was doing stories about how BUILD couldn't get its story straight .
“When we provide funding for programs that are good then we should let the public know about that, and when we gave these organizations money after we signed the community benefits agreement, we should have put out a press release at that time,” Forest City spokesman Joe DePlasco told the Real Estate. “If you are trying to operate in an open enough way as possible, when you miss one thing, people will say, ‘Oh you missed one thing.’”
Jim Stuckey, the project director, said outside a hearing last night that DePlasco, who is an outside public relations rep, didn’t know, when he first denied money changed hands , that BUILD had received money.
That doesn’t explain why BUILD President James Caldwell didn’t know it had received money, or that he was getting paid. Cheryl Duncan, a spokeswoman for BUILD, said that the organization’s members had been working for so long without pay, and that it had just received its first general operating support in August, and paid payroll for the first time Sept. 5. Reporters started asking about the payments in late September.
“Quite frankly, they got caught off guard by the question,” she told the Real Estate. “It’s been so long that they have been doing work voluntarily, that it was a relatively new change.” read more »
(Of course, BUILD got money before that--in June or July--to hire people to hand out copies of the Forest City newspaper, the Brooklyn Standard. But it was $10,000, only about a tenth of which BUILD kept for administrative purposes, Duncan said.)
-Matthew SchuermanExtra! Extra! Ratner!
Brooklyn residents boarding the F train at Bergen Street in Cobble Hill this morning had a choice of newspaper hawkers to deal with. Alongside the AM New York representative--headline: "THE PLAME GAME"--stood a guy with copies of the Brooklyn Standard.
Last month, the New York Sun brought word of the arrival of the new tabloid, and of its narrow editorial mission: The Standard, which describes itself as a "publication--not a newspaper," exists to solely promote developer Bruce Ratner's Atlantic Yards project. "BROOKLYN'S BOOMING," page one declares, "Atlantic Yards Will Bring Jobs, Housing and Hoops."
Now the 16-page tab, which borrows its name from a 19th-century Brooklyn paper, is employing another old-fashioned journalistic touch: a squad of not-newsies to distribute the not-newspaper.
According to Joe DePlasco, a spokesperson from Dan Klores Communications representing Ratner, subway distribution has been going on for two weeks, with a team of 10 hawkers. They've distributed between 20,000 and 30,000 copies of the Standard's total circulation of 140,000. The team will rotate around the borough distributing copies at stations in Fort Greene, Carroll Gardens, Brooklyn Heights, Prospect Heights and Cobble Hill, DePlasco said.
"It was always our intention to distribute at subways," DePlasco said. "We felt this is a great way to share information with people in the borough."
Asked if he worked for Ratner, a Standard hawker named Mel outside the Bergen Street station replied, "Yeah. You're not going to throw the paper back in my face, are you?" read more »
--Gabriel Sherman







