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March 26, 2008

Flashback: the Sun's (wise) failure to offer an AY projection

Atlantic Yards Report

Back on March 3, the NY Sun covered New York City megaproject delays, including Atlantic Yards, which the paper cited as vunerable due to "a shortage of federal housing subsidies and ongoing litigation." The paper didn't include Atlantic Yards in a chart comparing initial and current completion dates and overall budgets. It's just as well, since the paper would have had it all wrong according to recent revelations:

A graphic might have announced 2016 as the official completion date, with the arena due in 2010 (though it was initially projected at 2006) and and simply ??? as the latest projected completion date.

Now, however, we know that the developer has a lot of time--6+ years to build the arena, 12+ years for Phase 1, and an unspecified amount for the rest of the project..

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Posted by lumi at March 26, 2008 4:50 AM