...Zuccotti Park is a privately owned plaza, part of the enormous portfolio of land in New York owned by Brookfield Properties, which has been allocated for public use twenty four hours a day. This is not through the blind benevolence of the owners Brookfield Properties. Rather, they were required by planning regulations to give something back to the city in order to gain the permissions to make certain developments.
[Pay attention here...]
Mayor Mike Bloomberg, is a divorced man, who has had a long term relationship with a woman who has become for many the First Lady of New York. Diana Taylornow sits on the Board of Brookfield Properties. This must place old Mike in a terrific bind! Surely, you might think, if he allows Brookfield free rein to turf the smelly oiks off the lawn he is open to cries of conflicts of interest.
And Brookfield is stuck in a position of having to maintain good relationships with the people of New York whatever they might wish to do to the protesters. They own 6.2 million square feet of Midtown and 12.8 million square foot of lower Manhattan. They have just too much riding on it to piss off New Yorkers.
But if you think this is thin stuff, perhaps I can just throw a couple of other straws into the air. Brookfield Asset Management has had Joe Biden work for it as a lobbyist. And following Solyndra, the Obama administration has only just approved a $168.9 million loan guarantee for Brookfield’s foray into renewable power with Granite Reliable Wind Farm, an enterprise owned by Brookfield Asset Management.