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November 20, 2008

FCR: We Control the Pace at Atlantic Yards

ayr-1108.jpgAtlantic Yards Report tracked down a PowerPoint presentation the Forest City showed a real estate convention this week. The name of it? "Active Large Scale Projects Where We Control the Pace," and, yes, Atlantic Yards was on the list. This despite ongoing lawsuits and a shifting groundbreaking date.
Photo by threecee.




Posted by lisa at 10:43 AM | Comments (11)
Categories: Atlantic Yards

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Noticed this morning that demolition has begun on the 3-4 story brick building on the corner of Dean St and 6th Ave - across the street from Freddy's. If this project is in such a state of turmoil (deathwatch??)Then why would FCR be spending money on this demolition?

Posted by: Make My Heights the P Heights at November 20, 2008 11:39 AM

to make people like you think exactly that way and to get control of the land, and create developer's blight.

just because they can demolish, and do, doesn't at all mean they can build anything. you should be asking, if the project isn't dead, why are they not constructing anything at all 2 years after approval.

Posted by: brokeland at November 20, 2008 12:19 PM

to make "people like you" think that way? what do you mean by "people like you"? there are many relevant questions to ask, and actually, yours is the easiest to answer: the lawsuits, and the economy. p heights' question is a better one, and just because you'd like it to be the case that the lack of positive construction means it's dead doesn't mean that those of us who don't believe that are fools.

as an aside, perhaps you should reconsider your attitude when responding to someone who seems (from his login anyway) to be a member of the community most affected by the project.

Posted by: i disagree at November 20, 2008 1:22 PM

What ongoing lawsuits are these? I've been searching for an hour and can't find any reference to them.

ps - Why yes, I did just move here! :)

Posted by: bheilig at November 20, 2008 1:49 PM

there's only one that's still ongoing. it is the state suit challenging eminent domain, after the dismissal of the federal suit was confirmed on appeal and denied cert at the supreme court.

i have found the DDDB ("develop don't destroy brooklyn") website to be the quickest resource for court documents. AY report website has a lot of the documents as well, but they're not as easily found.

Posted by: i disagree at November 20, 2008 2:09 PM

I disagree - thanks for having my back. Brokeland - why does it matter what people like me think? I'm not the one who's going to have any real say over what happens with this project. The poeple who matter are the courts, the governmental officials and the funding sources, all of whom have the power to demand access to the private financial reocrds of this project so they won't be snookered by appearances. All I know is that If I were bruce ratner and I started to lose confidence that I'd be able to find financing in this economy, I wouldn't spend the money to demolish these buildings - money that comes out of my own pocket.

Posted by: Make My Heights the P Heights at November 20, 2008 2:29 PM

First, every building that's demo'd makes it look like opposition is futile.

But more importantly, by getting rid of the building, he gets rid of the utilities (some of those buildings were leaking a lot of water), the liability to maintain the facade and structure, and the possibility that they would be colonized etc.

Not sure on this but it may be that it reduces his taxes, if the raw land is taxed less than a lot with a building.

Posted by: denton at November 20, 2008 3:30 PM

Maybe it's a typo. "We control the place." Or, "We control the space." How 'bout, "We control the Pacefic?"

Posted by: altervoce at November 20, 2008 6:04 PM

Ratner controls the pace of AY development with the same effectiveness that I control the tides.

Posted by: Johnny at November 20, 2008 7:09 PM

The state eminent domain lawsuit hasn't a prayer of succeeding. These lawsuits were filed with the sole purpose of delaying the project in hopes that Ratner would abandon it out of financial prudence. Still, he continues demolition and Barclay's remain behind the arena, so my guess is that this "death by a thousand cuts" strategy will continue to fail.

Makemyheights, brokeland's response is classic of those who oppose AY. They are quick to label anyone remotely supportive of the project or those who question the opposition in any way as gullible, ill-informed idiots. I've spoken with more than a few people who have been turned off by this attitude.

Posted by: Big Jugs at November 20, 2008 9:18 PM

bheilig and I disagree,

there are 2 lawsuits DDDB has organized and is funding with the support of community contributions.

The EIS appeal is pending a decision. The eminent domain lawsuit will be argued next year.

The status and other information on those suits can be found at:

http://www.dddb.net/php/status.php

Posted by: DDDB at November 21, 2008 12:54 PM

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