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June 19, 2007

EDC criticizes Coney developer's demand for "huge" $100M+ subsidy

Atlantic Yards Report

Yesterday, the Times quoted a government official who criticized Thor Equities's Coney Island redevelopment proposal (article), claiming that the developer is "looking for a huge subsidy from the city. North of $100 million."

The "Mad Overkiller" Norman Oder opines:

Would make the $205 million city subsidy for Atlantic Yards "more than huge"?


NoLandGrab: Technically, it's "2.05-times-as-huge." But who's counting, when no one's looking?

Posted by lumi at June 19, 2007 9:36 AM