The city that Shelly built

Dissecting the real estate legacy of the-once-powerful-but-now-disgraced Assembly speaker

From the January issue: Sheldon Silver may have had just one vote, but a “no” from him carried more weight than any other politician in the state legislature. For developers, it could be the kiss of death.

The former state Assembly speaker — who was recently convicted on federal corruption charges involving $4 million in kickbacks — was one of the three most powerful men in Albany, along with the governor and Senate majority leader. (The last two Senate majority leaders were also convicted on corruption charges.)

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On the heels of Silver’s downfall, experts are left to dissect his nearly 40-year track record.[more]