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December 27, 2006

How Is Atlantic Yards Like Ishtar?

The Real Estate Observer
By Tom Acitelli

In a strongly worded editorial, analyst Peter Slatin unloads on two major New York real estate projects that recently took big steps forward.

Mr. Slatin calls the Freedom Tower, for which steel columns were placed last week, "the egregiously clunky and skyline-sucking icon that Larry Silverstein and outgoing New York Governor George Pataki are determined to force on the city."

He, however, reserves his most searing ire for the Atlantic Yards project, which was approved by the state Public Authorities Control Board last week. Declaring some parts of it admirable (the new Nets arena, the fact that it will eradicate an old train yard), Mr. Slatin nevertheless dubs Atlantic Yards no better than one of the worst Hollywood movies yet made...


NoLandGrab: How is Atlantic Yards like Ishtar? It's not a stretch of the imagination: Overblown budget, big stars, panned by industry critics.

Posted by lumi at December 27, 2006 7:36 PM