March 25, 2006
RATNER SEEKS $100M
Forest City Ratner is lobbying the State Legislature to include $100 million in the next state budget - due April 1 - for its Brooklyn Atlantic Yards project. The developer was promised the money for infrastructure improvements in a memorandum of understanding signed last year. But the request has outraged opponents because the project has not been approved, lacks completed environmental reviews, and doesn't have a final design yet. Atlantic Yards is also expected to face a court challenge on several fronts, including its use of eminent domain.
Posted by amy at March 25, 2006 6:31 AM