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December 9, 2006
Atlantic Yards, 2026? Business leader doubts ten-year buildout prediction
Atlantic Yards Report
As the Empire State Development Corporation (ESDC) prepares today to approve the Atlantic Yards project, we should consider the very real possibility—echoed yesterday by a prominent project supporter—that it could take twice as long as promised.If so, that raises significant questions about the delayed provision of open space and affordable housing, the persistence of a large interim surface parking lot, and the adequacy of the ESDC’s review of the project.
According to developer Forest City Ratner, “assuming the project receives the needed public approvals, FCRC anticipates breaking ground in late 2006 on the arena and at least two residential buildings. The construction will be phased over 10 years.”
Posted by amy at December 9, 2006 11:46 AM