Ratner Kills Mr
Brooklyn’s Real Newspaper BrooklynPaper.com • (718) 834–9350 • Brooklyn, NY • ©2008 BROOKLYN HEIGHTS–DOWNTOWN–NORTH BROOKLYN AWP/18 pages • Vol. 31, No. 8/9 • Feb. 23/March 1, 2008 • FREE INCLUDING CARROLL GARDENS, COBBLE HILL, BOERUM HILL, DUMBO, WILLIAMSBURG AND GREENPOINT RATNER KILLS MR. BROOKLYN By Gersh Kuntzman EXCLUSIVE right now,” said Yassky (D– The Brooklyn Paper Brooklyn Heights). “Look, a lot of developers are re-evalut- Developer Bruce Ratner costs had escalated and the num- ing their numbers and feel that has pulled out of a deal with bers showed that we should residential buildings don’t City Tech that could have net not go down that road,” added work right now,” he said. him hundreds of millions of the executive, who did not wish Yassky called Ratner’s dollars and allowed him to to be identified. withdrawal “good news” for build the city’s tallest resi- Costs had indeed escalated. Brooklyn. dential tower, the so-called In 2005, CUNY agreed to pay “A residential building at Mr. Brooklyn, The Brooklyn Ratner $86 million to build the that corner was an awkward Paper has learned. 11- to 14-story classroom-dor- fit,” said Yassky. “A lot of plan- “It was a mutual decision,” mitory and also to hand over ners see that site as ideal for a said a key executive at the City the lucrative development site significant office building.” University of New York, which where City Tech’s Klitgord Forest City Ratner did not would have paid Ratner $300 Auditorium now sits. return two messages from The million to build a new dorm Then in December, CUNY Brooklyn Paper.
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