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December 12, 2006
Empire State Development Corp. Approves Atlantic Yards' General Project Plan
Commercial Property News
By Katie Gerfen, Contributing Editor
You know an article is about to play fast and loose with the facts when the description of Atlantic Yards begins:
The project will transform the riverfront area into a mixed-use smorgasbord.
For the record the project: * is expected to generate 1,500 construction jobs over 10 years, not 22,000 new construction jobs, * is in Prospect Heights (not Downtown Brooklyn), * is nowhere near the riverfront, * has virtually no office space left, and * the "new" jobs are more like a few hundred, not 5,000.
Commercial Property New's conclusion: "But none can deny the financial benefits of such a scheme."
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Posted by lumi at December 12, 2006 8:53 AM