Thursday, June 24, 2010

Norman Oder says Mikhail D. Prokhorov and Bruce C. Ratner had lots of taxpayer help in the construction of an arena

A Russian Billionaire, the Nets and Sweetheart Deals

New York Times
By NORMAN ODER

Norman Oder says Mikhail D. Prokhorov and Bruce C. Ratner had lots of taxpayer help in the construction of an arena. ...

http://www.nytimes.com/2010/06/22/sports/basketball/22oder.html

Editor
The New York Times

Dear Editor:

How is it that with N.Y. State broke and N.Y. City in financial distress, to the point that Governor Paterson and the NYS legislature yesterday had to announce a raise in cigarette taxes, to keep “New York Running” (Cigarette Tax Is Increased to Keep New York Running, Nicholas Confessore, June 22, 2010) and the MTA had to announce a $3.7 million in subway cut two days earlier (“More Reductions Proposed in Subway and Bus Service”, Michael M. Grynbaum, June 20, 2010), both in the $millions, that the City saw fit to allot sweetheart deals of $105 million and the State $511million respectively to private developer Bruce Ratner for his private profit making project? (“A Russian Billionaire, the Nets and Sweetheart Deals” by Norman Oder, June 22, 2010).

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