Top city official owns stock in Forest City Enterprises, documents reveal

A top Bloomberg Administration official has around $5,000 invested in Forest City Enterprises — the developer behind the controversial Atlantic Yards project that’s getting more than $200 million in city funding, in addition to tax breaks, the Post reported. A city financial disclosure report made public yesterday revealed that Howard Wolfson, the city’s deputy mayor for governmental affairs and a former political strategist for Hillary Clinton, listed investments worth between $5,000 and $39,000 in Bruce Ratner’s company, though a spokesperson for the city said the actual value is “close to $5,000” and thus “far below the threshold that raises potential conflict of interest issues.” Wolfson bought the stock in 2007, three years before he took the job with the city, the spokesperson said. Still, others called upon Wolfson to sell the stock or to put it in a trust until he finishes out his term. [Post]