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April 10, 2006

Public Funding of Atlantic Yards Is A-OK, Says Ratner Exec

Park Slope Courier
By Stephen Witt

The Forest City Ratner Companies (FCRC) executive who successfully lobbied the state for infrastructure money in regards to the proposed Atlantic Yards project, last week, defended the move. ...
“He’s [Ratner] made an incredible investment without a shovel in the ground and the people of the borough should thank him,” said [Bruce] Bender.

Other's have a different opinion:

“It appears that Albany has put a basketball arena in the education budget,” stated [Develop Don't Destroy spokesperson] Goldstein in the emails.

“To make matters worse, this giveaway has been made without any knowledge of the proposed development’s cost-benefit analysis, scale, density, design, environmental impact, cost of mitigation, financial viability, and security measures–to name just a few of the unknowns about the development plan,” he added.

Meanwhile, up in Albany:

Skip Carrier, spokesperson for Assembly Speaker Sheldon Silver, said the speaker signed off on the money after polling the Brooklyn assembly delegation and finding consensus support for the project.

NoLandGrab: Carrier's claim that there is "consensus support for the project" is factually incorrect. Only seven of 21 Brooklyn representatives sent letters of support to Silver's office. It would appear that there is only a consensus of support for the project amongst those who support the project.

Posted by lumi at April 10, 2006 9:55 AM