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January 22, 2007
DDDB round-up
Here's a round-up of recent items from Develop Don't Destroy Brooklyn:
A Net Loss?
We hadn't had a chance earlier to put up this item about figures DDDB uncovered in developer Bruce Ratner's own socio-economic study.
Let's do the math: "Atlantic Yards" proposes 900 low income units. The FEIS says that there could be 2,920 households at risk of indirect residential displacement. Even if we include all of the "affordable" units, 2,920 outpaces 2,250.
Even in the best case scenario the ESDC says that the "at-risk* population will be much smaller than 2,000." What's "much smaller": 1,000? 1,500? 800? Regardless, we are looking at a wash at best, with a net loss more likely.
Barclays Bank: Not Concerned
DDDB wonders what Barclays could possibly be "concerned" about:
Whether or not the arena construction can go forward? or
About the community's concerns? or
About abusing the Constitution? or
About their image of corporate responsibility and ethical decision-making?
All of this nostalgic drama was to announce that Barclays, not the World, was indeed giving something–$300 to 400 million. But Barclays is giving it to Bruce Ratner's Forest City Enterprises, not Brooklyn.
Posted by lumi at January 22, 2007 10:50 AM