Housing solution: “Pay” pols who approve projects – Robert Khodadadian

, Housing solution: “Pay” pols who approve projects – Robert Khodadadian, Robert Khodadadian

Among the first things I learned as a New Jersey reporter was an odd word: ratables. It came up when towns considered development proposals. Ratables is a Jersey euphemism for property taxes. Local officials always wanted to know how much money a project would add to their coffers — and how much it would take out. Housing was viewed as a net loser. Electeds thought it would cost more to educate new residents’ children than

 Among the first things I learned as a New Jersey reporter was an odd word: ratables. It came up when towns considered development proposals. Ratables is a Jersey euphemism for property taxes. Local officials always wanted to know how much money a project would add to their coffers — and how much it would take out. Housing was viewed as a net loser. Electeds thought it would cost more to educate new residents’ children than
The post Housing solution: “Pay” pols who approve projects appeared first on New York.  Home Page, Politics, Development, new york city council, ulurp The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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