Pols Call for Ratner to Abandon 421-a Carve-Out

State Senator Velmanette Montgomery and Assemblyman Hakeem Jeffries haven’t been in agreement over the Atlantic Yards project. According to the AY Report, “Jeffries has been a cautious supporter of the project, more or less, while Montgomery has stood in staunch opposition.” But now, the two are teaming up to call out Forest City Ratner in a public letter that states:
“FCRC should publicly comply with the 421-a law, as applicable to everyone else, and build at least 20% of the condominium units in each luxury condominium building in a manner that is affordable to low and moderate income families. Anything short of publicly abandoning the special treatment set forth in the Atlantic Yards carve-out provision would justify a complete re-examination of the project by all appropriate government entities.”
The legislators are asking the developer to get back to them in writing by tomorrow, Friday, July 13. —KZ
Ratner Must Abandon 421-a Special Provision [DDDB]
Jeffries, Montgomery Ask Ratner to Abandon “Carve-Out” [AY Report]
Bloomberg Asks Spitzer to Veto Botched 421-a Bill [Brownstoner]
421-a Legislation in Graphic Form [Brownstoner]
Outrage Mounting over Ratner’s 421-a Carve-Out [Brownstoner]
Feb 09, 2012 | 11:02 AM