Thanks to deft maneuvering, EDC regains lobbying capabilities

TRD New York /
Jul.July 16, 2012 10:00 AM

Rather than ceasing to lobby following Attorney General Eric Schneiderman’s finding that the city’s Economic Development Corp. illegally lobbied to win redevelopment projects, the agency is restructuring to allow them to comply with the law, a spokesperson for the EDC explained (correction appended).

Crain’s reported that the EDC has split into two entities, the New York City Economic Growth Corp. and the New York City Land Development Corp. By Aug. 1, the EDC will merge with the EGC, the advocacy arm, allowing the EDC to lobby for the first time since the attorney general launched the investigation.

The maneuver would allow the EDC to work around U.S. laws that prohibit land development corporations, which are non-profits that can win land from local governments without being subject to the bidding process, from lobbying. “EDC is taking the technical steps necessary to ensure that it can both comply with the law and do what it needs to do to promote economic development,” an EDC spokesman said.

Though the EDC will need to be more transparent in its lobbying practices, opponents slammed the move and used it as evidence that the attorney general’s investigation was essentially meaningless. The investigation centered around EDC’s dealings with Willets Point and Coney Island redevelopment, and hampered its ability to win recent projects, such as the Kingsbridge Armory. [Crain’s]


Related Articles

arrow_forward_ios
Congresswoman Nydia Velázquez, Congressman Jerry Nadler and Council Member Carlos Menchaca (Credit: Getty Images, Google Maps)

Pols pounce as city caves in on Sunset Park property

Pols pounce as city caves in on Sunset Park property
Liberty View Plaza at 850 3rd Avenue and Marvin Schein (inset) (Photo by Axel Dupeux)

City lets Salmar bring office tenants to Brooklyn industrial property

City lets Salmar bring office tenants to Brooklyn industrial property
Alexandria Ocasio-Cortez and Sunnyside Yard (Credit: Getty Images, iStock, and SunnySideYard)

Progressives opposing Queens development target AOC

Progressives opposing Queens development target AOC
Lights, camera, development: City issues RFP for film studio in Sunset Park

Lights, camera, development: City issues RFP for film studio in Sunset Park

Lights, camera, development: City issues RFP for film studio in Sunset Park
Marisa Lago and East Harlem (Photo Credit: NYC.gov and iStock)

EDC has spent half of its $700M rezoning fund money on just four neighborhoods

EDC has spent half of its $700M rezoning fund money on just four neighborhoods
Day in the life of: James Patchett

Day in the life of: James Patchett

Day in the life of: James Patchett
16 candidates vie to fill out the rest of Schneiderman’s term

16 candidates vie to fill out the rest of Schneiderman’s term

16 candidates vie to fill out the rest of Schneiderman’s term
Real estate’s top cop, Eric Schneiderman, is out. Here’s how he changed the industry

Real estate’s top cop, Eric Schneiderman, is out. Here’s how he changed the industry

Real estate’s top cop, Eric Schneiderman, is out. Here’s how he changed the industry
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...