Read the full story here: Wall Street Journal
Cause of Action, a Washington, D.C. non-profit accountability group, said in a reportthat Forest City Enterprises, one of the largest publicly traded U.S. developers, spent $23 million in the last decade on campaign contributions and lobbying expenses while receiving $2.6 billion in government subsidies, comprising nearly a quarter of the firm’s revenue during that time span.
The group accuses the firm of using its political clout to get massive benefits as it, and its subsidiaries, built massive projects including Atlantic Yards, the site of the Barclays Center, where the Brooklyn Nets play their home games.
