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May 21, 2007
Can NYC afford affordable housing?
amNY
By Jarret Murphy
Paragraph 2:
Steep prices for materials, like steel, and fierce demand for building contractors, are pushing up construction costs by as much as 1 percent a month. Global forces like the growth of China and labor unrest in Chile have caused costs to climb, but New York's own development craze — from Ground Zero to Atlantic Yards to the new Mets and Yankees ballparks — is pushing up prices.
NoLandGrab: What are the implications for the projected cost of Atlantic Yards and its affordable housing component?
Posted by lumi at May 21, 2007 8:08 AM