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June 9, 2005
Letter to the Editor: Brooklyn Fairy Tale
Dan Goldstein's Letter to the Editor in response to "Brooklyn Fairy Tale" was published in today's NY Sun.
at a City Council hearing on the Atlantic Yards proposal, FCR announced that what was once 4,500 proposed housing units is now 7,300 housing units, with no commitment at all to make any of those 2,800 additional units “affordable.”So what was loudly called a “groundbreaking”50-50 agreement is now, in reality, a nonbinding agreement that would include a minuscule 6% of housing for truly low-income earners and 24% for “moderate” earners, leaving 70% luxury.
That’s called bait and switch. And guess what? Half of the rents of the so-called affordable units are market rate rents that you could find walking into any real estate office in the areas surrounding the proposed development in Prospect Heights, Brooklyn. We, the taxpayers of New York City and State, are subsidizing Mr. Ratner’s market and luxury rate housing — as well as the most expensive private sports arena ever built — to the tune of $1.6 billion,and rising,in public subsidies. Why?
DANIEL GOLDSTEIN
Spokesperson
DDDb
Posted by lumi at June 9, 2005 8:17 PM