August 30, 2006
Letters: Role model
Forest City Ratner Atlantic Yards Development Group President James P. Stuckey is the latest voice from the Atlantic Yards camp to address an article profiling residents who stand to be displaced by the project.
Click here and scroll down nearly to the bottom.
I want to clear up some inaccurate impressions left by Cynthia Carr's piece on the Atlantic Yards Development ["Life in the Footprint," August 2–8]. All renters in the footprint of AY have been offered comparable apartments in the new development at comparable rents, even current tenants of rent-controlled apartments. Forest City Ratner is willing to help find and finance the relocation of homeowners and renters alike. Working families living in AY's below-market-rate units won't be segregated into second-class buildings. Low- and middle-income renters will be in the same buildings, on the same floors as market-rate renters. The AY project is the first development in New York City to sign a legally binding Community Benefits Agreement stipulating that 50 percent of the rental units will be affordable, and insuring the creation of 15,000 construction jobs and thousands of permanent Brooklyn-based jobs. The Atlantic Yards project won't solve the housing crisis, but it will begin to create a new model that ensures affordable housing.
FCRC executive vice president
NoLandGrab: Way back on the 5th of August, Atlantic Yards Report addressed the details from the renters' agreements that Stuckey fails to mention in this letter, but that doesn't stop Stuckey from talking.
So, has the developer agreed to subsidize differential rent for longer than three years for the renters who've already left the footprint? “I just won’t—even though it would be to my benefit to do so—violate confidentiality," Stuckey responded. "I just won’t do it.”
Posted by lumi at August 30, 2006 1:39 PM