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.
sam, I was not aware “more of the locals are agaisnt it than for it”. Why would that be? Unless you’re talking about the debate over the usage, i.e., how much would be private and how much would be public. I’m personally thrilled at the prospect of having the space developed…one day…
p heights, for those of us living through this saga now since time immemorial, “the park” has become more of a mythic ideal than a real place, like Avalon. They did demo some of the old warehouses, and they do “promise” to have the first itty-bitty conrer of the park finished by next year so that is all for the good. Unfortunately, this project does not have a built-in constituency, more of the locals are agaisnt it than for it, so politically it is very fragile.
I did hear that they are trucking in the soil from the excavation of the new LIRR tunnel. That is a good sign. Worst scenario? -mountains of dirt sitting abandoned on collapsing piers for the next six years.
I never said critics are bad – I just think that alot of their arguments are full of holes and I point em out when I see them. I actually believe that many of the critics have good intentions.
Like the argument put forth by BHO. It’s very convenient for him that actual construction work taking place as we speak is not proof that the project is alive and ticking. Based on that logic, there is nothing that could possibly proove the project is still alive. If David Patterson came on this site and promised that the project was funded and moving forward, BHO would find fault with that too. So therefore, I’ll make the same bet with BHO that I offered to make with you Sam – I will meet you on Pier 1 in one year (the announced early opening date for Pier 1 is winter 2010). If there’s a portion of park built and open, you all owe me a couple of beers. If you want – I’ll even raise the stakes. Loser has to take a dip in the east river..
Yeah, I saw heavy equipment on the piers today, and a 40′ container belonging to a diving company.
“Make my heights” is the biggest BBP booster of all time. he/she will not let a word of criticism pass without scolding.
“The park is good, critics are bad” Thank heavens no one elected him/her Pope of all Parks.
“Construction teams are mobilizing…”
Residual effect. The contractor will juice the funds while they are still there. Even though you “hear a whistle”, “coach” still tells you to “play through”. But the “whistle was blown” and you will “bring the ball back”. Park on hold.
***Bid half off peak comps***
“Brownstones Half Off” – the park is not on hold. If you’ve been reading the paper or even if you’d gone down to the site in the last week, you’d see it’s quite the opposite. Construction teams are mobilizing to begin work on the first phase of the park at Pier 1 and Pier 6. Also, let me get this straight – a governmental entity is actually responding to well-known market conditions in order to maximize revenue for the park – and that’s bad news?
This whole article seems premature. The development corporation just announced a meeting to talk about this very topic. So why don’t we wait to hear what they have to say and then cricize instead of making up what we think is going on and criticizing that phantom scenario.
Park on hold.
***Bid half off peak comps***
The Brooklyn Bridge Park Development Corporation will be holding a public meeting at 6:00 pm on Thursday January 29th, 2009. The topic will be the Park’s Financial Model. The meeting will take place in the Dibner Auditorium, NYU-Polytechnic University, 5 Metrotech Center.