Atlantic Yards Will Survive...Kind Of
It’s not the economy, stupid. Except it is. Last week, Forest City Ratner blamed the eminent domain lawsuit for delays at Atlantic Yards, and yet now he says that the project will remain pretty much on hold until the economy rebounds. The $4.2 billion project will survive, they say, but it may take even longer…
It’s not the economy, stupid. Except it is. Last week, Forest City Ratner blamed the eminent domain lawsuit for delays at Atlantic Yards, and yet now he says that the project will remain pretty much on hold until the economy rebounds. The $4.2 billion project will survive, they say, but it may take even longer than expected. “‘I think we can successfully delay until we are prepared to start [the project],’ Forest City President Charles Ratner told investors just hours before the price of the company’s stock fell 15%, to $7.02 a share,” writes the NY Daily News. Atlantic Yards isn’t the only Forest City project relegated to the slow lane; they’ve “put virtually all new development on hold until economic and financial market conditions improve meaningfully.” Opponents to Atlantic Yards reacted to the news with “a mixture of glee and fear.”
Atlantic Yards Will Go Up… When Economy Does [NY Daily News]
Photo by NoLandGrab.
whatever it takes to spread joy sign me up
Brooklyn Love, I always enjoy reading your misguided posts
brokeland=nj
everyday that passes w/o Atlantic Yards is pain free.
sense >>>>>BrooklynLove
anti AY so silly. instead of quick pain now you get slow pain. hee hee.
ratner >>> anti-AY
fce > mer > aig > bsc > leh
“Actually most people educated on urban planning would tell you that building high density next to/on top of one of the largest mass transit hubs in the nation is SMART planning.”
true that, and most people educated in urban planning will tell you that Ratner’s project is way too dense. aka, dumb, irresponsible planning, or lack thereof, as said above.
DDDB will run out of money just like everyone else.
smart to build large as urban planning. thats the one thing that wasnt done. planning.
take a look at the book “the geography of nowhere”.
this boro should exorcise ratner. how much better off is cleveland with his help?
and didnt you learn anything from robert moses?
the city does not NEED to have streets demapped. look at every grotesque housing project you can find. not many more homes when built than were there before. just makework jobs that forestall the inevitable.
keep up the fight guys. big may be good but back room deals ARE bad.
Actually most people educated on urban planning would tell you that building high density next to/on top of one of the largest mass transit hubs in the nation is SMART planning.
As for Bloomberg, he is clearly now playing for keeps – he has already sent out his underlings to toss around the big numbers he will spend on the campaign – my guess is that everyone but Thompson will drop out, more comfortable in their current job then risking it against Bloombergs $100M. Thompson, if he can’t find a graceful way out will run and get absolutely slaughtered by Bloomberg – Bill seems like a nice guy but aint NO way he has the gravitas or charisma to oust Bloomberg in the middle of a depression.