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November 24, 2006

Boo Boo Could Delay Atlantic Yards Approval Until '07

Curbed.com

Before word of the the special meeting of the Empire State Development Corporation (ESDC) Board, scheduled for this Monday, local blogs were trying to sort out if Atlantic Yards could be approved by the end of the year or not:

Earlier, a source had reported that the ESDC wouldn't vote on the document again until Dec 10-15. (ESDC Chair Charles Gargano ordered "a thorough quality control" review after the mistakes were found, so we're guessing it all depends on how "thorough" he meant.) Once the ESDC votes again, ten days have to pass before it can give final approval to the project. Confused yet? You will be in a moment. After the ESDC votes, the State Comptroller gets seven days to review the project. Then, it goes to the all-powerful Public Authorities Control Board, which also has to approve it.

In any case, the Nov. 27 re-issuing scenario would technically leave room for a PACB vote over the holidays. The Dec. 10 scenario all but makes it impossible. Either way, it's starting to look like the Gov.-elect may yet get to handle Brooklyn's hottest potato. You can almost hear those Thanksgiving gratitude lists being tentatively revised.

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NoLandGrab: Brooklynites have to wait 30-90 days to get their potholes filled, but when you're Caring Bruce, government works.

The notice of the Monday meeting indicates that they are burning the midnight oil over at the ESDC and pulling out all the stops to deliver the project approval before Governor Pataki leaves office at the end of the year.

Posted by lumi at November 24, 2006 6:22 AM