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July 20, 2006

"It is, after all, America": FCR's Stuckey, on Brian Lehrer, defends profit goals

Atlantic Yards Report


WNYC's Brian Lehrer Show yesterday featured another shadow debate on the Atlantic Yards project, this time keyed to the release of the Draft Environmental Impact Statement (DEIS), issued Tuesday by the Empire State Development Corporation (ESDC).

While Jeff Baker, attorney for Develop Don’t Destroy Brooklyn (DDDB), and Jim Stuckey, president of Forest City Ratner's Atlantic Yards Development Group, didn't address each other directly, and there wasn't enough time for all the questions that needed to be asked, both had a chance to get their talking points on the table.

Most notably, Stuckey would not reveal the company's expected profit--a required element in the company's bid for the Metropolitan Transportation Authority's (MTA) Vanderbilt Yard--but said that such numbers would emerge after the project is completed. FCR's investment in infrastructure is considerable, he said, and deserves to turn a profit. "It is, after all, America," he added.

While it's hard to dispute that investment shouldn't have the opportunity to generate profit, the question of whether it "is... America" will be at the heart of the eminent domain lawsuit DDDB is expected to file.


NoLandGrab: Our favorite moment of the interview was when James P. Stuckey got a little cheeky during the discussion of shadows: "We worked for months to design a shadowless building, and we weren’t able to do it."

Posted by lumi at July 20, 2006 8:24 AM