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tel/fax:
718.362.4784
Please note our new postal address when sending
contributions to the legal fund:
121 5th Avenue, PMB #150
Brooklyn, New York 11217
About DDDB
Our coalition consists of 21 community organizations and
there are 51 community organizations formally
aligned in opposition to the Ratner plan.
DDDB is a volunteer-run organization. We have over 5,000
subscribers to our email newsletter, and 7,000 petition
signers. Over 800 volunteers have registered with DDDB
to form our various teams, task-forces and committees
and we have over 150 block captains. We have a 20 person
volunteer legal team of local lawyers supplementing our
retained attorneys.
We are funded entirely by individual donations from the community at large
and through various fundraising events we and supporters have organized.
We have the financial support of well over 3,500 individual
donors.
More about
DDDB...
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Ratner Spokesman Vs. Treasury Department Spokesman on IRS Regulation
Forest City Ratner spokesman Joe
DePlasco's statement on the IRS ruling on tax-exempt bonds backed by Payments
In Lieue of Taxes (PILOTs):
"We are of course very pleased with the Treasury Department regulation.
The tax exempt financing was always part of the plan for the
development of the arena and the regulation released today acknowledges
that. The regulation will help us move forward with a project that
is critical to the on-going economic vitality of Brooklyn and the City."
(Emphasis added)
As Norman
Oder reports today on his Atlantic Yards Report tax-exempt financing
was not always a part of the plan, and the IRS's regulation acknowledges no such
thing. The IRS regulation doesn't
say a word about Atlantic Yards or any other specific project.
And the Treasury Department clearly says the regulation says nothing about Atlantic
Yards. The Associated
Press
reports:
Department of the Treasury spokesman Andrew D'Souza said the regulation
that applies to projects already under way was not targeted to New York sports
teams.
Posted: 10.22.08
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