Hotel Handout, Few Affordable Phase 1 Units at AY
Sarah Ryley over at the Brooklyn Eagle’s been digging through the recently-released Atlantic Yards documents and finding some interesting things. In an article online yesterday, she wrote that the Forest City Ratner would be selling the rights to build a hotel within Miss Brooklyn for $28.8 million. “Basically, it’s eminent domain being used to give…
Sarah Ryley over at the Brooklyn Eagle‘s been digging through the recently-released Atlantic Yards documents and finding some interesting things. In an article online yesterday, she wrote that the Forest City Ratner would be selling the rights to build a hotel within Miss Brooklyn for $28.8 million. “Basically, it’s eminent domain being used to give the land to Ratner for free,” commented Dan Goldstein. “Then he gets to sell it, which again is pure profit to him as opposed to the state and the city. In a separate article, Ryley also notes that less than 10 percent of the first-phase apartments—143 out of 1,580—will be low-income units. Another 216 apartments will be for middle-income earners. “The so-called moderate-income properties are way beyond the incomes of the vast majority of residents in my district, so to call those units affordable is laughable,” said City Council Member Letitia James.
Ratner May Net $30 Million On Sale of Arena Hotel [Brooklyn Eagle]
Few Affordable Apartments for First AY Tower [Brooklyn Eagle]
Our politicians ignore AY opponents because they’ve been paid to. $2 billion of taxpayer money should buy a LOT more jobs and positive development than this debacle. We could have spent a lot less money and got a lot more had our politicians had the courage to do what was right for Brooklyn and New York’s taxpayers.
“We have a need for rent comparable to between $600 and $1,200 for a family of four.â€
You have to be kidding me. Letitia is a fool.
i cant wait to get one of these apartments, where do i sign up?
and one of the high paying jobs that this will generate, where do i sign up?
god bless you FCR, and thanks for the free t-shirt!
and thank you NYC taxpayers!!!
No ratner and the politicians have their ears stuffed with money so they can’t hear us.
As for making a profit- how about he pays back the state and city for the money taxpayers are putting into his project before he’s allowed to make a profit? taxpayers should simply kiss that money goodbye so ratner can get richer? that’s pretty damn ridiculous too.
There was never any intention by FCR to build affordable housing. ARE YOU KIDDING ME? THEIR OWN NUMBERS SHOW THAT NONE OF THE PEOPLE HE BUSSED OUT TO SUPPORT THE PROJECT COULD AFFORD TO LIVE THERE, AND CERTAINLY NOT WITH JOBS LIKE BEST BUY OR F-ING OLIVE GARDEN.
Jobs for whom? Union members from Long Island? I would be suprised if any construction jobs, and many future service jobs, went to local workers. (Which is all well and good, but not necessarily a reason for putting this developing in this spot.)
Wow talk about a non-story and a perfect example of how AY opponents will spin ANYTHING into a negative.
Ratner is selling the rights to the hotel within a building that he is building (not re-selling land like Goldstein shills) – and of course he is – Ratner isn’t a hotelier, he is a builder – did anyone expect Ratner to finish, furnish and operate the hotel? Muss built Renissance Plaza with State/City help – was it wrong for him to then lease it to Marriott? So ridiculous.
As for the affordable housing – despite the fact that opponents have been saying for months that no affordable housing would be in the first phase of construction it – Yet now it appears that TWENTY-TWO percent of phase-one of the housing will be affordable. Of course rather then admit they were wrong opponents complain that only 9% will be for the lowest income residents (BTW – doesnt this make sense and in fact isnt this an advisable method of developing this into a viable mixed-income community)
When will it be clear that AY-opponents will complain about anything and everything – which is why Ratner (and the politicians) essentially have come to ignore them
to think of all the poor shleps that were dragged out to the ‘community” meetings….they were promised affordable housing and jobs and blah blah blah
and they were stupid enough to fall for it…and called racism against anyone who called BS on this whole project
enjoy
Jobs!
Jobs!
Jobs!
Jobs!