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The Empire State Development Corporation: Who are they?

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The Empire State Development Corporation: Who are they?

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In the comments to a recent diary I wrote about the cronyism behind Ratner’s plan for Atlantic Yards, someone asked a great question in the comments regarding the Empire State Development Coproration. I realized that we need a diary that will cover a little bit about the ESDC. What is the ESDC, and how are its members chosen and what recourse do people have regarding their decisions? From Wikipidia: The Empire State Development Corporation is a public authority of the state of New York in the United States that has financed and operated several ambitious state projects by issuing tax exempt bonds. It is the umbrella organization for Urban Development Corporation (which handles mostly public oriented corporations), Job Development Authority (which provides loans to private corporations), and the Science and Technology Foundation (which was abolished in 2000)… The Urban Development Corporation, its biggest component was conceived in 1968 primarily to build state-subsidized housing proj

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