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March 1, 2007
The jackhammers begin
MetroNY
By Amy Zimmer
A little more than a week has passed since Forest City Ratner began prep work for the Atlantic Yards development, and some residents are reporting problems.
...
Ratner had announced construction of a temporary rail yard and demolition of a building on Flatbush Avenue within the 22-acre footprint, but Peter Krashes, president of the Dean Street Block Association, noticed work being done on his street. He visited the liaison to ask what was going on. “He said there was no jackhammering for the community to be worried about,” Krashes recounted. “I told him there had been jackhammering since [last week] on Dean Street.”
No worries, the liaison office will be more helpful as "work progresses" and the Empire State Development Corporation is on it:
According to Ratner spokesman Joe DePlasco, “While formal construction on the site has not yet started, we opened the community office so it will be up and running as work progresses.”
ESDC spokeswoman Jessica Copen did not have a date for the environmental monitor, and said, “We are following up on the incident and investigating the situation.”
And this one paragraph on the document release:
Financial projections for Forest City Ratner’s $4 billion project were released yesterday. They show Ratner’s internal rate of return on investments in the Nets, the arena and the real estate to be 8.4 percent combined. Project foe Develop Don’t Destroy Brooklyn issued a statement claiming the documents “appear to raise more questions than they answer” and “severely understate the developer’s profit.” Forest City Ratner declined comment.
Posted by lumi at March 1, 2007 9:12 AM