March 28, 2008
Rezonings & starchitects: filling in some blanks from the Leonard Lopate Show’s AY discussion
Atlantic Yards Report
Yesterday, The Leonard Lopate Show, on WNYC, had a segment on Atlantic Yards, featuring Charles Bagli, the New York Times reporter who wrote last Friday's story about the stalling of the proposed project.
The discussion missed a few details, and Norman Oder picks up the slack. He comments on several areas covered including: the rise in the cost of the arena, the proposed construction schedule and the lack of affordable housing financing.
There was a notable bit of confusion on the show regarding state override of city zoning for Atlantic Yards:
LL: If the Atlantic Yards project never really gets built or doesn't get built completely, what happens to the rest of the land?
CB: First of all, I think the land has been rezoned, so the value of that property is higher than it was five years ago… I think Ratner may do a portion of it, and then sell it off. But it won't be like nothing every gets built over there.
Oder provides the clarification:
Rezoning is a city process. In this case, the Empire State Development Corporation, a state agency, will override city zoning (regarding placement of an arena within 200 feet of residences, current density, signage, and more). That's an important basic fact.
Posted by steve at March 28, 2008 6:18 AM