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July 24, 2007

Last month, Bloomy was offering a boilerplate defense of AY

Atlantic Yards Report

Mayor Mike Bloomberg seems to be coming to the realization that the Atlantic Yards project shouldn't get a special tax break and is apparently threatening to withdraw some pledged subsidies.

Is that a belated recognition that Atlantic Yards might be a drain on the public coffers or should not get special benefits? Is it part of a larger tactic to resist the state's revision of the 421-a tax break? Or is it something else altogether?

It is clear, however, that until recently, Bloomberg was offering a boilerplate defense of the project. A month ago, after Brooklyn resident Michael D.D. White wrote a thoughtful and pointed letter of complaint to the mayor, he received the following canned response, which he forwarded to me.

Click here to read the letter with Oder's comments interspersed.

Posted by lumi at July 24, 2007 9:07 AM