« Fitzsimons & Forest City Make it Official! | Main | Pataki to sign bill stripping NYRI of eminent domain »
October 3, 2006
The "Ratner Effect" Starts to Take Hold of the Market.
Don't Worry It's Just Reality: Brooklyn Edition
Dreadnaught notes the similarity between the Domino Sugar factory redevelopment controversy and Atlantic Yards.
Both developers are counted amongst Brooklyn's bad boy businessmen and now Isaac Katan is taking a page from the Bruce Ratner PR playbook (from The NY Times, via Brownstoner:
“We certainly support preservation,” said a Katan spokesman. But he added, “Our priority is affordable housing, and we want to achieve a balanced plan.”
NoLandGrab: This is nutty — big-time Brooklyn developers are about as concerned with affordable housing as George Bush is with democracy. Affordable housing is the political cover du jour in response to any criticisms.
Most people agree affordable housing is sorely needed, but is it a panacea for bad planning and negative environmental effects? In Williamsburg, "affordable housing" was included in the rezoning as a tradeoff for developers seeking to build to maximum FAR.
Posted by lumi at October 3, 2006 5:57 AM