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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.


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