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Sheldon Silver

Silver trial shows the cost of keeping friends in high places

NEW YORK - Sometimes, you have to pay to keep friends in high places.

It cost Manhattan apartment owner Glenwood Management Corp. an extra $100,000 in political contributions in 2012 to stay on the good side of former New York Assembly Speaker Sheldon Silver. But according to testimony in Silver's corruption trial in Manhattan, that kind of a payment just scratched the surface of bigger, more complex schemes to keep the speaker happy.

Glenwood, like other New York real estate developers, depended on Silver to help push through laws in Albany that extended tax breaks, helped with low-interest loans from state housing finance agencies and abated the impact of New York rent...