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January 15, 2008
Do NYC's Developer-Community Deals Totally Suck?
Curbed.com
Community Benefits Agreements, those big documents that are "negotiated" between developers of mega-projects and the "community" around them come with every big development these days. Atlantic Yards had one. Yankee Stadium did too. The Columbia Expansion will have one. Basically, developers use them to trade things like promises of jobs and money for community groups for support from local organizations. So, what's wrong with them? People that follow CBAs as they're called say that New York City's, in a word, suck.
NoLandGrab: Developers use CBA's to divert attention from the fact that their projects' benefits to the community are dubious.
Posted by lumi at January 15, 2008 5:16 AM