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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.

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Posted by steve at March 28, 2008 6:18 AM