This article is ignorant and demonstrates a lack of understanding. Fact: Forest City enterprises is really hurting. Have you noticed its stock price down 90% from its peak? Things are so bad Forest City recently was forced to raise equity and incumbent holders like Sam Miller got hosed in the dilution. If Forest City has been so succesful in avoiding property taxes and extracting "corporate welfare" why is it now on the verge of tipping over into the abyss? Fact: Forest City has created magnificient developments, employed thousands and been very charitalbe, in return all they get is attack articles from modestly skilled journalists exploiting populist angles on de minimus research. Forest City is a value creating entity for many communities, at this time it needs your help, not the other way around.
Submitted by Guest (not verified) on June 28, 2009 - 1:32pm.
This article is ignorant and
This article is ignorant and demonstrates a lack of understanding. Fact: Forest City enterprises is really hurting. Have you noticed its stock price down 90% from its peak? Things are so bad Forest City recently was forced to raise equity and incumbent holders like Sam Miller got hosed in the dilution. If Forest City has been so succesful in avoiding property taxes and extracting "corporate welfare" why is it now on the verge of tipping over into the abyss? Fact: Forest City has created magnificient developments, employed thousands and been very charitalbe, in return all they get is attack articles from modestly skilled journalists exploiting populist angles on de minimus research. Forest City is a value creating entity for many communities, at this time it needs your help, not the other way around.