iStar profit gravy $$$ and an open letter to our city [editorial, opinions, whatever you want to call it]

iStar originally came to the IDA asking for $129 million dollars. They are now down to  $82 million.  As the Newsday editorial [image below] and many have pointed out, what was that $47 million dollars, gravy? How can the City Council be legally beholden to an agreement when the people they agreed with are so obviously trying to game the system. It is impossible to demand that the City Council follow through with that agreement given the way that is has been handled by iStar where they have blatantly shown that all they are after is more profit.

(In the words of Larry David) Having said that….

TO: ltorres@longbeachny.govaeramo@longbeachny.govcdiamond@longbeachny.govsmandel@longbeachny.govamoore@longbeachny.govcitymanager@longbeachny.gov

RE: iStar letter and potential lawsuit

Attention City Council and City Manager: 

It’s time for you to do the right thing. A $105 million dollar lawsuit that we potentially face due do your negligence is something you can clear up by sending the letter that iStar requires, telling them that you gave them permission to go to the IDA. After you do this, us residents will try to clean up your mess.

 

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