According to reports from New Rochelle Talk and New Rochelle Daily Voice, Forest City’s Echo Bay project has been rejected in New Rochelle.
Cause of Action, a government accountability group, found that Forest City Residential Group and its Echo Bay project consultants used political contributions and lobbyists to try to get a sweetheart deal from the taxpayers of New Rochelle. Now Forest City’s Echo Bay project has been rejected by the citizens and elected officials in New Rochelle. Citizens of New Rochelle have delivered a stunning rebuke to cronyism that benefits the politically connected at the expense of the taxpayers.
To access the first report, Anatomy of a Crony Capitalist, click here.
To access the second report, The Ratner Way: Lobby, Profit and Bilk, click here.
