Atlantic Keeps on Giving
April 24th, 2009

This post incorrectly reported that employees of the Atlantic Development Group contributed to the campaign of Councilmember Peter Vallone Jr., which is incorrect. The group’s principals gave to his father, former City Council Speaker Peter Vallone Sr. It has been corrected.

I am invoking the Beach Boys here: Atlantic Development Group, well, they get around.

The employees of the development group which could be at the center of an inquiry by the city’s Department of Investigation have given more than $93,000 to city campaigns since 1999, according to filings by the city’s Campaign Finance Board. The group spearheaded the major development project in the Bronx — Boricua Village — which received a boatload of public subsidies.

The architect of that project also designed renovations to the home of former borough president turned Obama aide, Adolfo Carrion, which he never paid for. Their Sixth Avenue offices were raided by the city yesterday.

Reports allege the group could be involved in a bribery scheme between developers and city officials. The department, according to the Post, has executed a dozen search warrants on several companies during the probe.

According to the Campaign Finance Board’s filings, the group not only gave money to Carrion, but also gave to more than a dozen other city officials. Last year, the group’s principals gave $5,500 to comptroller candidate and Councilmember Melinda Katz. The year before that Council Speaker Christine Quinn received $1,000 from them. Manhattan Borough President Scott Stringer received $7,000 from the group’s employees last year. Former City Council Speaker Peter Vallone Sr., public advocate candidate and Councilmember Bill de Blasio and Brooklyn Borough President Marty Markowitz all received campaign contributions as well.

One of the group’s principals, Peter Fine, also did some serious bundling (or acting as an “intermediary” to collect contributions for candidates) for Stringer and on-again, off-again mayoral candidate Rep. Anthony Weiner last year. He bundled $40,150 for the two candidates.

For a look at Fine’s bundling since 2000 you can download this spreadsheet. Here is another on all employee contributions since 1999.

By on April 24, 2009, 10:53 am
In category: Community Development,Crime & Safety,Electoral Politics,Gotham City,Land Use,Law,nextNY,Public Finance | Comments Off on Atlantic Keeps on Giving

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