The sharks that ate City Hall

In June I wrote a column for the NY Daily News pondering why real estate developers have so often come out ahead of city government deal-making with the de Blasio administration — which, sure, could represent the fruits of corruption (we’ll leave that to U.S. Attorney Preet Bharara to determine) but can be more immediately explained by the vast asymmetry in firepower between bureaucrats and the sharks who swim the same infested NYC real estate waters that gave the world Donald Trump (sorry, world).



Today — while hardly ruling out the possibility of influence by a mayoral donor or deliberate acts by City Hall — an investigative report from NYC Comptroller Scott Stringer on the sorry conversion of a Lower East Side AIDS hospice into luxury condo site with the city’s blessings bolsters the shark theory.



Surfaced here is much new detail about the games “nursing home operator” Joel Landau played with the mayor’s office and the city agency in charge of guarding city property, including valuable deed restrictions on private real estate once owned by the city, insisting on full lifting of the deed restriction as necessary when it was well within the city’s power to merely modify it while leaving in place the proviso that the property remain a health facility. Landau made the request, secured his price (a bargain, thanks to the city’s absurdly lowball appraisal of the property’s value), and officials at two city agencies obliged — one affirming on behalf of the mayor, with a rubber stamp, that the action is in “the best interests of the city.”



This is no way to run that city.

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Published on August 01, 2016 19:30
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