After dragging its feet for two years, the Empire State Development Corporation signalled yesterday that it would finally release documents containing financial information about the Atlantic Yards project. After the ESDC fought a freedom of information reques last year, Assemblyman James Brennan teamed up with state Senator Velmanette Montgomery on Monday to file a lawsuit against the ESDC for improperly withholding the financial documents. One reason opponents of the project are so curious to see the documents is to get a better view into how profitable the project is expected to be for Bruce Ratner, hoping that big numbers would undermine his argument for needing to make the site so dense. The craving for transparency is due in part to the fact that the project gets to by-pass the city’s land-review process because so much of the land is state-owned.
Lawmakers Push for the Release of AY Financial Documents [NY Sun]
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