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April 24, 2006

Jobs at Ratner's malls: far fewer than originally predicted

Atlantic Yards Report looks at Ratner's jobs claims for his existing Atlantic Terminal and Atlantic Center malls and detects a pattern of "overinflation."

Norman Oder also points out that in 1996, the figure in the sales pitch for Atlantic Center was 1,250 new jobs. However, according to a Good Jobs New York report, the figure that Ratner promised to city officials was a scant 552 jobs.

link

NoLandGrab: That's not a great track record of trust and transparency. Everyone has gotten used to the idea that promises of jobs are usually overinflated. The question is why does the press fail to scrutinize them?

Posted by lumi at April 24, 2006 4:34 PM