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May 26, 2005
BROOKLYN: ATLANTIC YARDS PROPOSALS SOUGHT
The NY Times
The Metropolitan Transportation Authority is seeking competitors for the development of its Atlantic Yards site, and has set a deadline of July 6 for proposals. A proposal by Bruce C. Ratner to build 6,000 housing units and a stadium for the Nets basketball team on the site has already won endorsements by the city and the state, which have each offered to pay $100 million for site improvements. But Tom Kelly, a spokesman for the authority, said yesterday that the agency had decided to consider other proposals in part because of its experience with its West Side railyards, which became the focus of a bidding war before an agreement was reached to sell the property to the New York Jets. Mr. Kelly said he knew of no other bids that were being prepared for the Atlantic Yards site. Thomas J. Lueck (NYT)
NoLandGrab: Now it's 6,000 units? Didn't last week's Housing MOU state 4,500 units? We're always picking on The Times, but they make it so easy. First, The Times is the last daily to cover this development, though the public notice appeared in their pages last week. Then the Grey Lady appears to have access to the latest information. Ratner and The Times often seem to be acting according to each other's best interests.
Posted by lumi at May 26, 2005 7:47 AM