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March 17, 2008

The odds for 10 big projects

Crain's NY Business

The oddsmakers at Crain's give Brooklyn's biggest "done deal," Atlantic Yards, an even chance of getting built.

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On his blog Atlantic Yards Report, Norman Oder notes that the business-friendly weekly is only lukewarm to the megaproject's prospects:

There's no explanation for the calculation, so the prediction should be taken with a major grain of salt, but it's telling that the business-friendly weekly Crain's New York Business--heck, the paper locates the project in Downtown Brooklyn--this week estimates the chances for Atlantic Yards to be built at only 50%.

NoLandGrab: The entire report underscores that it might be more useful to commoditize futures on NYC megaprojects, as a meaningful predictor, than to keep taking polls or just leaving it up to Crain's.

Posted by lumi at March 17, 2008 5:11 AM