Appeal Over Atlantic Yards Suit is Filed
Develop Don’t Destroy Brooklyn and 25 co-plaintiffs are appealing a judge’s dismissal of a lawsuit over Atlantic Yards’ environmental impact statement. A state judge tossed the suit—which argued that the state’s review of the project didn’t fully account for its possible effects on traffic, security and open space—in January. The appeal ultimately aims to make…
Develop Don’t Destroy Brooklyn and 25 co-plaintiffs are appealing a judge’s dismissal of a lawsuit over Atlantic Yards’ environmental impact statement. A state judge tossed the suit—which argued that the state’s review of the project didn’t fully account for its possible effects on traffic, security and open space—in January. The appeal ultimately aims to make the state conduct a new environmental impact review study for the development. Atlantic Yards Report says oral arguments will be held in September.
Atlantic Yards Opponents File Appeal [NY Sun]
Appeal Filed in Case Challenging AY Environmental Review [AY Report]
Atlantic Yards Litigation Tradition Continues: New Appeal Filed [Curbed]
Photo by Tracy Collins
“v2) The project is one of the largest housing developments in the history of New York City. It is and always has been about housing.”
Mr. Polewhatzit- ocmpletely wrong. It started out as only the arena and then arena plus office space then arena plus office space plus luxury housing AND THEN arena plus office space plus luxury housing plus affordable housing. Each piece added after the Arena as Ratner had to make his case.
Stay tuned, Polemicist. When that affordable housing gets built (as if), I’ll buy you a puppy. Any flavor you like.
Yet another lawsuit that will amount to zilch.
I, too, believe that Dan Goldstein and his pregnant wife no longer reside in that condo. No way a pregnant woman is going to risk the health of her unborn child by living in a deserted 10 story building with a faulty elevator (a magazine article several years back about AY noted that Goldstein once got stuck in the building’s elevator for several hours).
Jeez, yet another lawsuit that will be tossed in no time. But once this appeal, as well as the NYS eminent domain case, is rejected, seizure of the properties can occur and construction will begin.
I, too, believe that Danny Goldstein and his pregnant wife (on the payroll of DDDB) no longer reside in that condo. There’s no way that they’d put their unborn child in harm’s way by staying in an empty 10 story building, especially after old Danny got stuck in the elevator a few years back (it was featured in a magazine article about AY).
Yawn. D-O-N-E-D-E-A-L!!!
Commerical Banks with balance sheets are still doing deals, as are other “alternative” lenders (i.e Hedge Funds).
– some are doing deals (although the spreads are ridiculous) but lending \= securitization.
securitization is dead for this cycle – much less securitization of naming rights by a Commercial Bank …time to clean off your desk.
2:02
Naive, please You really have no idea what you are talking about.
The NYCHDC has already allocated financing for the project under the 50/30/20 program.
Do you even know what that is? Obviously not, as the puppy comment makes clear.
1:27. You’ve got a good point. I’d argue (and have!) that Ratner’s pockets aren’t that deep. Hence Newark offering a lot less in terms of corporate welfare is probably the only solution available at this point.
BrooklynLove, the costs of lawsuits pale in comparison to the $2 billion we’re allegedly spending in the next 7 years to generate $1 billion in tax revenue over the next 30. The $1 billion being Ratner’s number, not an actual number.
And the affordable housing part – what affordable housing? That died (was moved to the mythical fourth stage) months ago. Although I’m very excited about the puppy I’m getting . . .
there should have been an environmental study done on the impact from the volumes of paper wasted on these baseless legal suits as well as an economic impact study done on the monetary drain stemming from this meritless exploitation of the federal and state court systems and elevated development costs caused by resulting delays.
1:35…you’re really cute…but obviously not in the business. The big investment banks are in fact CLOSED (as far as the securitization business), but deals are still getting done (or so says this pile of paper on my desk). Commerical Banks with balance sheets are still doing deals, as are other “alternative” lenders (i.e Hedge Funds). Don’t believe the hype, things are bad, but they are not at a complete halt.