Atlantic Yards Suffers a Setback
Two weeks ago, the NY Times reported that an Atlantic Yards groundbreaking might take place in December. That’s looking almost impossible now, and not because of the Wall Street meltdown. The New York State Appellate Court rejected the Empire State Development Corporation’s (ESDC) attempt to dismiss the lawsuit brought by AY opponents (tenants and property…
Two weeks ago, the NY Times reported that an Atlantic Yards groundbreaking might take place in December. That’s looking almost impossible now, and not because of the Wall Street meltdown. The New York State Appellate Court rejected the Empire State Development Corporation’s (ESDC) attempt to dismiss the lawsuit brought by AY opponents (tenants and property owners in the project’s shadow), the one that claims Forest City and the ESDC misused eminent domain, according Develop Don’t Destroy Brooklyn’s press release. That means Ratner still doesn’t own the land he had planned to build on come December. The suit now goes forward, with briefs to be filed this winter and oral arguments expected next spring.
Atlantic Yards Timeline Not Getting Shorter [Curbed]
Atlantic Yards Breaking Ground in December? [TRD]
Bad Government. Photo by brockenbrough.
FSQR, I’m sure you are one of those people that thought Broken Angel should have been torn down by the city years ago. You are entitled to your opinion, and I’m entitled to ignore you while I continue to work towards completion on the project.
You can attack me and my projects as much as you like, but the more you focus on me on a thread about the Atlantic Yards debacle, the less you will seem to be defending a viewpoint and simply attacking anyone who opposes your opinion.
I do not believe that Squadron will be able to put his campaign policy into place. The opposition to funding the park with housing along the periphery is limited and among elected officials, non-existent except for the senator-elect. Yeah, the park has taken 30 years, but it’s been picking up speed over the past ten.
The loss of Ward’s is a tough one to swallow. What a waste.
fsrq- let’s talk bout pandering, shall we? Because you are doing a slam bang up job of shilling for ratner. I don’t own AY but I damn well have a stake in it because my tax dollars are being wasted on it. ratner got a huge deal on the air rights, and the return on MY investment is going to be maybe 1-3 billion dollars in 30 years? Peanuts, while he lives high on the hog and AY will be a community disaster. Big Housing projects DO NOT WORK. they dehumanize, they are difficult to maintain and they sap resources from surrounding areas. Maybe when they build up the subway lines to expand capacity, and they put up affordable housing first, then talk about it. Bail out wall St. Not until then.
As for Broken angel- you’re sounding a little bitter there. Shahn is actually doing something constructive and positive, while all you do is whine about a home for a second class basketball team.
GMan, regarding Brooklyn Bridge Park, Daniel Squadron won his election largely on the strength of being Anti Brooklyn Bridge Park (he was heavily supported by the Anti Brooklyn Bridge Park NIMBY’s in Brooklyn Heights). The financing currently in place for the park calls for it to be self sustaining meaning the residential and retail will pay a special surcharge. Squadron and the Brooklyn Heights NIMBY’s want it to be a “true park” with not condo development. If they unwind that deal at this point, the $225 million in funding (from the city and the state) will disappear…particularly in this disasterous economic climate. It took them 30 years to get to this point (basically just clearing the piers)…Brooklyn Bridge Park (RIP)
Johnny, your tax dollars haven’t paid for one cent of the parcel (certainly no yet) and despite the comments by Shahn @1:17 – the millions of people who would be effected by the plan have been heard from through their representatives – since your representatives are the numerous executive and legislative bodies that approved it – as well as the judicial officers appointed by the same.
Not one single politician has been elected or unelected on a platform consistent with opposition to AY.
As to the $2B subsidy to Ratner – this is another lie – over 2/3 of that ‘subsidy’ was tax abatement for taxes that otherwise would have been paid on the AY development – guess what – there is no AY development and so for approx 1.5B – having or not having AY has ZERO effect on State or local budgets or deficits – cause empty land and pits don’t generate taxes.
Again – you won – congrats – enjoy your hole.
Shahn – who are you kidding – your Broken Angel completion party won’t be happening for years, and when and if it does (and you still are involved) – it will be a total money loser and other than not tearing down the entire shell – will be indistinguishable from any other condo project in this city; despite all your pontificating about preservation, community, and partnering with the resident ‘artist’.
It didn’t stop Palin.
FSRG,
I like to think that I -and Bxgrl own the site – because it was our tax dollars that paid for it – and yours too of course.
But you’re right about one thing, millions of people will be effected by it – because giving Ratner $2 billion over the next 5-10 years in order to receive $1 billion in increase tax revenue over the next 20 years (according to Ratner’s own projections) will cause more deficits and further hurt the economy for all of us.