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June 14, 2007

Atlantic Yards project gets new leadership

Kira Bindim from Crain's NY Business regurgitates the press release:

Forest City Ratner has spent the past few weeks preparing for Mr. Stuckey’s resignation, which is effective immediately.

NoLandGrab: Every indication, other than the actual press release, is that this firing was precipitous.

This wasn't from the press release:

Mr. Stuckey’s resignation is the latest in a string of hurdles for the Atlantic Yards project. Demolition work for the Brooklyn arena project was temporarily suspended in late April after a partial building collapse at the nearby Ward Bakery Building displaced 350 residents. Opponents to the project, spearheaded by Develop Don’t Destroy Brooklyn, came out swinging, saying the 97-year-old building, which Forest City Ratner acquired last year, wasn’t unstable until contractors went in.

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Posted by lumi at June 14, 2007 12:49 AM