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December 20, 2006
Atlantic Yards future unclear on eve of vote
MetroNY
By Amy Zimmer
A vote on developer Bruce Ratner’s $4 billion Atlantic Yards plan is down to the wire.
All eyes are on Assembly Speaker Sheldon Silver. He has killed the West Side Stadium, delayed Moynihan Station, and may derail the plan to bring the New Jersey Nets to Brooklyn at today’s meeting of the Public Authorities Control Board. ...
Yesterday, news reports cited sources claiming the speaker was planning to vote “no” or to delay the final vote until Gov. Eliot Spitzer takes office.Silver’s spokesman Skip Carrier denied those reports, but he did not say the speaker would vote “yes” either.
“We have a significant amount of information that was provided today and discussions continue,” Carrier said. “We wanted a better understanding of the financial aspects because the project has changed recently, even significantly.”
For example, the state revised projected tax revenues from $1.4 billion to $944 million.
...
In response to rumors circulating that Silver may delay the vote, Charles Gargano, chairman of the Empire State Development Corporation, the state agency overseeing the project, said, “You never know with Silver. He has been doing that of late. We’ll answer any questions he might have. Whether the project is delayed this month, it will certainly go forward next year.”
Posted by lumi at December 20, 2006 7:24 AM