Brooklyn Bridge Park financial projections challenged again by opponent Richmond
Wall Streeter says bureaucrats rigged report to justify over-building, benefiting de Blasio
A group fighting the city’s plan to build two residential towers – one 29 stories and one 15 stories — at Pier 6 in Brooklyn Bridge Park says a financial report commissioned by the park is full of misleading information and should be withdrawn.
In a letter sent to members of the board of the Brooklyn Bridge Park Corporation (BBPC) on Nov. 3, People for Green Space Foundation (PFGSF) says the report by consultant Barbara Denham was slanted in order to justify the controversial high-rise development.
Denham is an economist who once worked for the city’s Economic Development Corp. An analysis of the report’s figures and claims was carried out in large part by Henry “Ren” Richmond, a director of PFGSF. Richmond is a financial analyst in a group that manages billions of dollars of investments on behalf of institutional clients.
The Denham report was released to Crain’s by the park board shortly before a July 30 hearing hosted by the Empire State Development Corp. (ESD).