Apartments, Hotel in Brooklyn Bridge Park On Hold
Much to the glee of the BHA and others, the hotel and apartments that were to be built from at the end of Atlantic Avenue and Old Fulton Street and generate income for the park have been delayed indefinitely, reports The Brooklyn Paper. The culprit? Ye olde recession. The impact of the announcement on the…
Much to the glee of the BHA and others, the hotel and apartments that were to be built from at the end of Atlantic Avenue and Old Fulton Street and generate income for the park have been delayed indefinitely, reports The Brooklyn Paper. The culprit? Ye olde recession. The impact of the announcement on the schedule of the park itself has not been made public.
Live in Brooklyn Heights. Loved last summer’s pocket park, would love even more to see the whole shebang. Not bothered one whit by the idea of private housing/hotels in the park, or by the idea that people from “other neighborhoods” would come there. And I find the fury at a self-funding park ridiculous and wearying.
And it brings up one of the things I like least about my neighborhood: the visceral, knee-jerk hatred of ANYTHING new. (Oh my God, the bike lanes are GREEN!) A while back one of the sites on my daily rounds — might have been Brownstoner, maybe BH Blog — dug up an old Times article about the imminent pooper-scooper laws. Folks in the Heights were going ballistic in opposition. It was kind of funny, but mostly just sad.
Make my Hieghts,
You’re right that the Park is being built by a Public Agency and not the Developer. However, the ongoing funding for the Park will come from the private component of the Park. If the Park is dependent on that money, then inevitably the interests of the private component will come first. The best case scenario would be that you end up with a “Park” that is more like the promendade in Battery Park City than like CentraL Park or Prospect Park.
Dammit, MMHTPH! Give me the last word! You’re right about the horse’s mouth. We will soon find out. But you’re wrong about my sources:
DJIA lost 40 percent (bottom?)
Madoff collapsed
NYS unemployment server crashed
Citi’s getting whacked
[it’s 2:03 AM – don’t make me list them all]
BTW, Paragon is having a sale on wet suits.
***Bid half off peak comps***
BHO – the fact is you know nothing about whether or not the funding model is breaking down or not, since the only source for this information is the brooklyn papers. In less than 10 days, we’ll all be able to hear directly from the horses mouth how they plan to deal with the credit crunch and we’ll all be able to judge for ourselves.
P Heights has stopped making sense.
That’s too bad, I enjoyed our repartee.
Make My Argument The Losing Argument
***Bid half off peak comps***
Boerum Hill – that’s a terrible analogy. AY is nothing like brooklyn bride park. Noone is relying on private developers to build the park – they will just build on the development sites. A public agency (BBPDC) is building the park. The design for the park is already set and much of the park will already be built before a single developer gets involved.
See what I mean sam? All of these anti BBP argumens are full of holes.
“Loser has to take a dip in the east river.”
Pinch your nose.
“Worst scenario? -mountains of dirt sitting abandoned on collapsing piers for the next six years.”
That’s the best case scenario.
I liked what they did this past summer. I would very much welcome the park (so hopefully I’m wrong). But the reality is that their funding model is breaking down. Park on hold.
***Bid half off peak comps***
It’s not “paranoid” to think that for-profit real estate developments might have an interest in creating something that might most people don’t think will seem very “park like”. Anyone remember how quickly the “park” at the proposed Atlantic Yards disappeared.