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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.

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"Why should people get to see plans? This isn't a public project."
Bruce Ratner in Crain's Nov. 8, 2009

Following the AIG Bailout Money to Brooklyn

The Jersey press is following the taxpayer to AIG to Barclays to Ratner money:

Naming deal for arena criticized because of bailout money

NorthJersey.com (Bergen Record)

AIG’s distribution of $8.5 billion in federal bailout money to Barclays Bank means Barclays should call off its $400-million naming-rights deal for a proposed Brooklyn arena, project critics charged Tuesday.

A spokesman for Develop Don’t Destroy Brooklyn — a group which for several years has protested the Atlantic Yards arena and housing project — questioned the propriety of Barclays’ continued financial interest in the plan.

The New Jersey Nets are slated to be the marquee tenant at the proposed arena.

“Why are federal taxpayers being forced to pay for Barclays’ marketing scheme?” Daniel Goldstein, the spokesman, asked in a statement. “The federal bailout of AIG was not intended to assist Barclays in hyping its brand in Brooklyn, or to help them slap their logo for 20 years on a basketball arena already heavily dependent on city, state and federal subsidies.”

AIG, the world’s largest insurance company, revealed over the weekend that it sent a majority of its $173 billion in bailout money through Dec. 31 to Goldman Sachs and to a group of European banks including British Barclays.

AIG was contractually obligated to make the payment to Barclays, in deals known as credit-default swaps, or face serious consequences. Supporters of the AIG bailout have said a collapse of AIG would have devastating consequences on the world economy.

Goldstein seeks support from Congressman Barney Frank, D-Mass., a Bayonne High School graduate and chair of the powerful Financial Services Committee in the U.S. House of Representatives.

Frank, who last month called naming-rights deals for sports facilities “nonsensical,” reluctantly accepted the fact that the Mets’ new park that opens next month will still be called CitiField. Citigroup, which received $45 billion from the federal government’s separate $350-billion bailout, has a similar 20-year, $400-million naming-rights deal with the Mets.

Treasury Secretary Timothy Geithner opposed demanding that Citigroup try to void the deal. Officials for the bank and for the Mets also described the contract as legally binding.

“I’m confident you won’t see anything like that going forward,” Frank said.

Goldstein compared the Citigroup deal to the Barclays agreement, even though in the latter case Barclays received bailout money only indirectly and only as a payoff of money owed to Barclays.

The money is not entirely "owed to Barclays." And Barclays would not have gotten what they were "owed" by AIG, at a discount or in full, had the federal government—the taxpayers—not bailed out AIG. As former Governor Eliot Spitzer asks rhetorically in his Slate.com blog post ("The Real AIG Scandal: It's not the bonuses. It's that AIG's counterparties are getting paid back in full"): "Why are AIG's counterparties [which includes Barclays] getting paid back in full, to the tune of tens of billions of taxpayer dollars?"

The article continues:

“When Congressman Frank learns of yet another instance of fungible bailout funds going towards a lucrative naming-rights deal, we expect that he will not be pleased and will quickly take action,” Goldstein said.

Barclays, which announced its partnership with the Nets in January 2007, reportedly had an opt-out clause in the naming-rights deal last November. That was based on the years of delays caused by a series of lawsuits — and more recently, the national credit crunch for developers.

It’s not clear if the bank has paid the Nets any money yet, or if the contract remains binding. Barclays officials in November reiterated their “unwavering” support for the project.

Spokesmen for the Nets and Barclays each declined to comment Tuesday...
Full article

Posted: 3.17.09
DDDB.net en español.
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Eminent Domain Case
Goldstein et al v. ESDC
[All case files]

November 24, 2009
Court of Appeals

[See ownership map]

EIS Lawsuit

DDDB et al v ESDC et al
Click for a summary of the lawsuit seeking to annul the review and approval the Atlantic Yards project.

Appeal briefs are here.

Appellate Divsion
Rules for ESDC
What would Atlantic Yards Look like?...
Photo Simulations
Before and After views from around the project footprint revealing the massive scale of the proposed luxury apartment and sports complex.

Click for
Screening Schedule
Isabel Hill's
"Atlantic Yards" documentary
Brooklyn Matters

Read a review
Atlantic Yards
would be
Click image to see why:

-No Land Grab.org

-Atlantic Yards Report
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-The Footprint Gazette
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-NY Times "The Local" FG/CH
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-Only The Blog Knows BK
-Sustainable Flatbush
-A Child Grows in Bklyn
-Williamsburg Warriors

-The Real Estate
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