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November 19, 2005
Ratner to Gehry: Try again
The Brooklyn Papers
Bruce Ratner has reportedly sent his world-renowned architect Frank Gehry back to the drawing board to revise the developer’s 24-acre arena-and-skyscraper project at the Atlantic Yards.
And Gehry has just two weeks to come up with a new scheme, according to a report in Crain’s New York Business this week.
NoLandGrab: The new reporter at The Brooklyn Papers, Ariella Cohen got some facts "bemuddled" towards the end of the article. Cohen first states that, "The mayor pledged that no city money would be needed to fund the project directly," and then cites "$200 million" of "direct allocation" of public funding a few paragraphs later.
Also, it is incorrect to compare the $200 million of public funding for the $3.5 billion Atlantic Yards project as being far less public money than the $1 billion planned for the aborted West Side Stadium with its $2.2 billion price tag. The cash contribution for the West Side Stadium was $600 million and the total public subsidy for Atlantic Yards, which is not just an arena, is currently estimated to be over $1 billion.
Sorry to criticize, we know that it's not easy being green.
Posted by lumi at November 19, 2005 2:02 PM