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February 23, 2007
Will Atlantic Yards Preclude the One Seat Ride to JFK?
Upon consideration that Bruce Ratner's Atlantic Yards plan might render the possibility of a direct rail link from Lower Manhattan to JFK impossible because of reconfiguration of the railyard, Develop Don't Destroy Brooklyn ponders the comparison of the economic benefits between the two:
What about a cost-benefit analysis? Former Governor Pataki issued a statement in May 2004 claiming that "the rail link will result in an increased economic output of $6 to 8 billion annually, generated in Lower Manhattan and Brooklyn, and as much as $9 to $12 billion in the region as a whole.”
Even a fraction of that return (oh, we of little faith in touted public bonanzas) would render the steadily shrinking promised benefit from the "Atlantic Yards," um, how do we say... chump change.
Posted by lumi at February 23, 2007 8:05 AM