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August 9, 2006
Why the Atlantic Center mall is blighted (and it's not the design), as per ESDC
Atlantic Yards Report
Lookie who caught on — while studying NY State's criteria for "blight," it suddenly dawned on Norman Oder that Ratner's Atlantic Center Mall is "blighted."
The ESDC states that 51 of the 73 parcels on the project site (70 percent) exhibit one or more blight characteristics, including: buildings or lots that exhibit signs of significant physical deterioration, buildings that are at least 50 percent vacant, lots that are built to 60 percent or less of their allowable Floor Area Ratio (FAR) under current zoning; and vacant lots. (Emphasis added)
Atlantic Center, according to data on Property Shark, contains 767,748 square feet, at a Floor Area Ratio (FAR) of 4.67. That's less than half the maximum allowed FAR of 10...
...the current mall is built to less than half the allowable density, which constitutes blight under the definition cited above.
Posted by lumi at August 9, 2006 8:31 AM