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March 29, 2007
Atlantic Yards: "It's been a done deal from the beginning without anybody really looking at it."
The Albany Project pricked their ears at yesterday's news that the State never received financial projections from Forest City Ratner.
This is too rich. For quite some time now, many opponents of the
Atlantic YardsRatnerville project in Brooklyn, including Assemblyman James Brennan, have been trying to get a hold of the business plan one would assume the developers had submitted to the Empire State Development Corporation before the the ESDC would agree to dole out hundreds of millions in public money and other goodies to the controversial development. Brennan eventually sued ESDC last month to get his hands on the plan. There was one problem, however. The developers never submitted one and the ESDC therefore has no plan to produce. Really.
More indications that Atlantic Yards is the posterchild for Public Authorities Reform (emphasis added):
This project has smelled pretty bad from the beginning and this is just the latest instance of big boy power politics in a litany of them. Ratnerville really is just the latest example of pretty much everything that is wrong with how government works in New York. Whatever your personal peeve with state government is, you can find it somewhere in the Ratnerville mess.
Posted by lumi at March 29, 2007 8:12 AM