Atlantic Yards, The Morning After
Yesterday’s news about the closing of the bond and real estate deals related to the Atlantic Yards project (along with the go-ahead for property seizure via eminent domain) certainly had an air of finality about them, but the project’s opponents are insisting that the fight is not over. “The property owners and tenants fighting to…
Yesterday’s news about the closing of the bond and real estate deals related to the Atlantic Yards project (along with the go-ahead for property seizure via eminent domain) certainly had an air of finality about them, but the project’s opponents are insisting that the fight is not over. “The property owners and tenants fighting to keep their homes and business will vigorously challenge the legal papers filed by the ESDC today,” said Develop Don’t Destroy Brooklyn in a press release. DDDB also points out that there are still two outstanding lawsuits that would “stop it cold,” one of which will be heard in state Supreme Court on January 15. I want to make it very clear to the Governor, the ESDC and Ratner, that Develop Don’t Destroy Brooklyn, our scores of allied community organizations and our thousands of supporters will not easily give up our fight against Atlantic Yards, said Daniel Goldstein. The lawyer for DDDB, Jeff Baker, had a slightly more tempered take on the situation: “Obviously this fight is in its final stages, but it is not over.” Meanwhile State Senator Bill Perkins continues to hammer away at the Governor and Attorney General for a written statement regarding the legality (or lack thereof) of the unusual manner in which process for issuing the arena bonds was structured to avoid review by the Public Authorities Control Board.
AY Fight in Final Stages, But Not Over, says Attorney [AY Report]
Sports Briefing: Gains for Atlantic Yards [NY Times]
Documents Signed, Atlantic Yards Moves Ahead [NY Times]
Ratner closes on Atlantic Yards [NY Post]
Bloomberg Cheers Ratner; Opponents Continue To Fight [Brooklyn Eagle]
Photo by Tracy Collins
“If you’re a taxpayer you just got fiscally screwed. Our tax dollars are on their way to Russia on a private jet.”
can you explain Johnny? Foreign investors must pay tax on their earnings.
Lets also be honest though, there won’t be phenomenal earnings here anyways (if any at all). Bets on NBA franchises are great for the ego but not exactly big in cash on cash returns or paper earnings for that matter. Its all about how much you make on enterprise value when you sell. Knicks are one of the most valuable franchises but post one of the biggest operating losses. The brand holds all the value.
These things are basically crotch rockets of the business world for guys who could never get laid when they were young.
be_rude…
i will place my bets on informing others of options rather than shrugging my shoulders because i fear the lifting is too heavy for an individual. maybe we all should practice some heavy lifting.
and btw….all i need to see is that cushman and barclays are drivers of the process to know i dont like it one bit.
lets see last time i boycotted…
it was the yankees. had season tix on ’94. millionaires went on strike. so thats a few thousand each for 4 tickets plus parking plus concessions times 15 years that i didnt spend. maybe the person who replaced me spent more on concessions… but i was one less person to drive up the prices.
so despite how that went 🙁 …. no jones soda for me. and no business for those who sell it. my little stand.
my only fear is that once we start marking out those who profit from the ratner they my not be many innocents left.
Joe;
Buon Natale e anche Felice Anno Nuovo a te. Spero che presto ci vediamo.
b4l, feel free to boycott whoever you want, however for your boycott to be successful you should probably actually be a customer (or at least potential customer) of one of the firms. Perhaps you wear izod and use metropcs, but I kind of doubt it. And unless you are a big company, you are not (& cannot) be a customer of Barclays. So good luck with your movement.
I echo benson, it is a festive period so best wishes to all whatever side you’re on. And also, hear hear fsrg, that was an excellent and thorough summary of DDDB’s shortcomings, and I too will raise a glass in celebration when this is all done for the exact same reasons.
Buon Natale Benson.
Whose phallus is Bruce drawing upon???
The fat lady hasn’t sung just yet. We’ll see!
fsrq…
the current interpretation of the law may be against them(DDDB). that interpretation is absurd beyond all reason, appellate court determinations or not. thats why they should fight. its not like the politicians dont change laws in self-serving ways(hellooo bloomie). just because it is, doesnt mean it should be. women voting and the equal rights amendment come to mind.
hell, even prohibition changed the way it was. it didnt work and was changed again. its a fluid thing you spout to be something solid and dependable. the last thing i want is for the city to decide (over the voices of those imposed upon) what should be. do you remember the incinerator battles? no neighborhood in the city would have put up a fight if they put one next to gracie mansion.
i could care less why goldstein is in it…. it has merit even if you don’t like the process, procedure or the people involved.
when all is done, having a developer driven ED is about as absurd as it can get. that another court(not in brooklyn mind you) saw through the crap of blight determination in the columbia case is the rallying cry i have been waiting for.
even if this does go thru.. cant wait to boycott all those folks on the new signage(barclays, metropcs, izod, etc.).
maybe someone should extend the ramifications…lets boycott all those companies who rent from ratner. and stick to it. there are plenty of choices for corrupt bankers.
time to make a list and check it twice….gonna boycott who benefits from naughty, not nice