March 23, 2008
As vows fade in Atlantic Yards, so do housing hopes
NY Daily News
The Daily News made a comeback from their "Atlantic Yards-free" editions with two articles today. You can read the Errol Louis column here: "Blight at the end of the tunnel," or just skip ahead to Atlantic Yards Report's analysis of the dynamic duo: Daily News columnists Louis, Daly lament AY setbacks, blame NIMBYs, avoid facts.
Some locals fret that without the surrounding towers, the arena will be like other such venues, which are second only to bus terminals in imparting a seediness to the immediate vicinity.
The bigger fear is that Ratner will end up selling off property that he acquired via eminent domain with the promise of affordable housing. The new developers would be free to erect more of the obscenely overpriced condos springing up everywhere in Brooklyn.
Unless, that is, the city finds a legal way to make all of Ratner's promises apply to anybody who buys property he acquired on the strength of those pledges.
Posted by amy at March 23, 2008 1:19 PM