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July 30, 2006

Thompson backs Brooklyn project

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Crain's
By Erik Engquist & Anne Michaud

City Comptroller William Thompson offered "strong support" for the $4.2 billion Atlantic Yards development in Brooklyn last week after a published report said he was rethinking his position. Mr. Thompson does not have an approval role over the project--the city has already budgeted its $100 million share--but he carries weight as a Brooklynite, fiscal watchdog and potential mayoral contender. Atlantic Yards has become a political bellwether, playing a major role in congressional and state Senate races in Brooklyn. Sources had told The Crain's Insider electronic newsletter that the comptroller was having second thoughts because the scope of the project had grown.

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Posted by amy at July 30, 2006 11:30 AM