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January 30, 2007
Bloomberg's Budget Doubles Subsidy For Atlantic Yards
The NY Sun
By Eliot Brown
The city has doubled its direct subsidy for the Atlantic Yards project, adding an extra $105 million to the proposed development.
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Forest City Ratner did not return several calls seeking comment.Council Member Letitia James, whose district includes Atlantic Yards, was upset by the budgeting for additional funds, her chief of staff, Kate Suisman, said. Ms. James has been an outspoken opponent of the project, but Ms. Suisman said she did not think the added $105 million would derail the passage of the mayor’s proposed budget.
A former president of the Boerum Hill Association, Jo Anne Simon, said she opposes many aspects of the project, though infrastructure could be a good thing. “This is part of the problem,” she said. “Of course there are needs for infrastructure, but I don’t know why this amount of money and what it’s going to go for.”
Posted by lumi at January 30, 2007 7:12 AM