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December 17, 2008

Credit Crunch Hits Gehry's Office

ay-webcam-1208.jpgAfter Ratner told Gehry to put his pencils (or balls of crumpled paper) down, he laid off two dozen workers, reports the WSJ. No comment from offices Gehry or Ratner, but FCR did reaffirm its commitment to the project: "it has cut off its new development pipeline, except for Atlantic Yards."
Photo by Atlantic Yards web cam.




Posted by lisa at 9:45 AM | Comments (3)
Categories: Atlantic Yards, Economics

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Comments

And I thought Atlantic Yards was going to CREATE jobs! Yet another broken promise...

Posted by: StuyIvy at December 17, 2008 10:19 AM

Per a friend inside Gehry's office: these layoffs did happen in "late November" as the WSJ states -- the day before Thanksgiving to be specific.

Posted by: turbowombat at December 17, 2008 10:49 AM

Tough times ahead for ALL architecture and design firms!

Posted by: bayridgegirl at December 17, 2008 11:20 AM

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