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September 2, 2006
Atlantic Yards $ Pit?
Courier-Life
By Stephen Witt
The city is putting in an additional $29 million toward infrastructure costs surrounding the proposed Atlantic Yards project, according to documents unearthed by project opponents.
The $29 million comes from a section of the Fiscal Year (FY) 2007 budget titled, “FY 2007 Changes Pursuant to Section 254- Mayoral.”
The money, stretched out over three years, includes $5 million in 2007 toward relocated water mains on Pacific Street, Vanderbilt to Flatbush avenues, to Atlantic Avenue, $10 million for these same water mains in 2008, $10 million for these same water mains in 2009, and $4 million in 2008 to reconstruct a pedestrian underpass at Atlantic and Flatbush Avenues.
City Councilmember Letitia James calls attention to the skyrocketing costs of the project; 57th Assembly District Candidate Bill Batson mentions that the pedestrian underpass has just been rennovated; Forest City Ratner Companies had no comment and the Mayor's office hadn't returned the call before press time.
Posted by lumi at September 2, 2006 8:41 AM