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January 23, 2007

Flashback to 2004: Bloomberg asserts project would be on vacant land, rely on private money

Atlantic Yards Report

It was three years ago, and how things have changed. Mayor Michael Bloomberg, in his weekly radio appearance with WABC’s John Gambling on 1/23/04, addressed the announced sale of the Nets to Bruce Ratner (and other investors) and the prospects for the Atlantic Yards project.

Some key statements were either inaccurate or proven wrong as the project evolved. Notably, Bloomberg called the railyard in the proposed project site "vacant land," promised "an enormous number" of permanent jobs, and suggested that the developer would be responsible for nearly all the project funding.


Posted by lumi at January 23, 2007 7:16 AM