August 2, 2006
Bait and switch? Another look at the 50/50 affordable housing promise
Atlantic Yards Report looks at how the Ratnerites have rewritten the history of the 50/50 affordable housing promise and why Bertha Lewis still stands by her man.
Has Forest City Ratner broken its pledge to ensure that half the units of housing at the Atlantic Yards site would be affordable? The record says yes--unless you accept the most lawyerly of explanations.
At right, an excerpt from a 2004 flier sent to thousands of Brooklynites, which stated that half of the units in the project would be affordable. (Lawyerly alternative explanation: Half of the 4500 mentioned units would be affordable. You never know if more would be added.)
Posted by lumi at August 2, 2006 9:19 AM