Today’s news:

Marty goes on the record on Barclays

The Brooklyn Paper

Editor’s note: When Bruce Ratner announced he had sold naming rights on his Nets arena to slavery-linked Barclays bank, we asked Borough President Markowitz for his view of the deal. At the time, he chose not to comment.

Since then, other elected officials — some opponents of Atlantic Yards, others, like Markowitz, supporters — have condemned the Barclays deal.

Others have demanded that the bank put up more than the $2.5 million it pledged to repair basketball courts around the borough.

Until now, Markowitz was silent. But questions about his view of the deal persisted.

Finally, a constituent sent the Beep a letter demanding that he condemn the Ratner-Barclays deal. Markowitz’s response was nuanced. Rather than depict it one way or the other, we wanted to let the Borough President speak for himself:

Dear [name withheld],

I agree that faithful study of the past is truly the only way to ensure that we, as human beings, progress wisely. And, just as you do, I deplore any and all violations of human rights, now and at any time in the past. However, when we look from a historical perspective, it is a fact of life that many institutions with long histories, from banks to auto manufacturers to multi-national conglomerates, have had dealings at some point in their histories that run counter to the values of all who hold human rights dear.

Therefore, and I think you’ll concur, when the public and private sector partner for the benefit of city residents, we must be vigilant in determining a company’s record and most importantly [sic], its intentions. In this case, I must tell you, I am confident that a partnership with Barclays will be good for Brooklyn...

It is my hope — and it will be our goal — for Barclays to contribute even more in Brooklyn by becoming a full philanthropic partner, perhaps opening a regional headquarters here, and certainly providing ongoing financial support.

Sincerely, (Signed) Marty Markowitz

Pin It
Print this story Permalink

Reader Feedback

Enter your comment below

By submitting this comment, you agree to the following terms:

You agree that you, and not BrooklynPaper.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to BrooklynPaper.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.

First name
Last name
Your neighborhood
Email address
Daytime phone

Your letter must be signed and include all of the information requested above. (Only your name and neighborhood are published with the letter.) Letters should be as brief as possible; while they may discuss any topic of interest to our readers, priority will be given to letters that relate to stories covered by The Brooklyn Paper.

Letters will be edited at the sole discretion of the editor, may be published in whole or part in any media, and upon publication become the property of The Brooklyn Paper. The earlier in the week you send your letter, the better.

Links