Wrecking Ball Gets Rolling on Atlantic Yards
Forest City Ratner is expected to break ground on the Atlantic Yards project today with the demolition of an old bus depot at the eastern end of the the rail yards; this will create a temporary area to store the LIRR trains that are now at the western end. Later this week, FCR is also…
Forest City Ratner is expected to break ground on the Atlantic Yards project today with the demolition of an old bus depot at the eastern end of the the rail yards; this will create a temporary area to store the LIRR trains that are now at the western end. Later this week, FCR is also planning to start demo on the former auto repair shop (above) at 179 Flatbush Avenue to make way for the base of Miss Brooklyn, should the project clear the remaining legal hurdles. Opponents are calling this week’s work “premature” in light of the eminent domain lawsuit.
Developer Gets Ball Rolling on Nets arena [NY Daily News]
Brooklyn Arena Tip-Off [NY Post]
Photo by Gregg Snodgrass for Property Shark
When people look back on this in 10-15 years they’ll see that the AY development was a diseaster for Brooklyn and that the developer’s promises were a pipe dream
I agree that Yards opponents have been playing both sides of the coin for years. Depending on the day, this project will be “instant gentrification” or turn the area into a hellhole. This is the behavior of people who know they have been defeated. Since they are powerless to stop it, all they can do is hope that it will fail.
I think it will increase property values, as the incoming generations will find the Times Square atmosphere to be exciting. And it’s much better than a big hole in the ground.
The neighborhoods around AY are all protected by zoning and/or landmark status. And the exposure of a world class facility and NBA team in Brooklyn will more then off-set the negatives of more traffic and congestion.
As for property values while I doubt they will fall as a result of the project – you opponents talk out of both sides of your mouth.
1 side – AY will end up being all luxury housing (Ratner will renege on affordable component) – it will contribute to complete homoginization and gentrification of Brooklyn. Brooklyn will be lost forever!
2nd side – Ay will destroy property values – no one will want to live near it, it will make the area seedy like MSG area. Brooklyn will be lost forever!
How about this – AY will add a much needed mass entertainment venue to Downtown Brooklyn, and an NBA franchise. IT will add jobs and shopping as well as congestion and traffic. It will add much needed housing and probably either lower housing costs or keep them from rising as fast as they otherwise would have and Brooklyn will keep on as it has- growing and changing – for the last 200yrs
ANON 10:08, think of the crowd and the neighborhood after a concert. I remember what an asshole I used to be as a youngster all liquored up leaving a show. PS, I’m now a respectable memeber of society 😉
Just look at the businesses that have come into the Target mall if you want a glimpse of the area’s retail future.
i can sum it up in one sentence:
“fuck you, marty markowitz.”
D-U-M-B-D-E-A-L!!!
Go to MSG on a night there is a game and look at the people there and then think about them on residential streets, trying to park, going to fast food restaurants that cater to them, and that is the future of our brownstone neighborhoods. Commercial property that can be sold for TGIF’s or Sports Bars will rise in value, as for local residents – it seems like the degradation of a neighborhood.
affect on property values will be interesting. i’m a future brooklyn buyer who is no longer be interested in living near the yards site, but perhaps many new classes of buyers will rush in to be near a stadium (i personally doubt it) and the “manhattanized” brooklyn. the influx of housing stock in one area suggests supply could overpower demand, but populations continue to rise, so who knows.