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March 22, 2008
With Atlantic Yards Project Fading, Community Groups Demand Review
Gothamist
Two bombshell articles in the Times today may mark a turning point for Bruce Ratner’s plans to build a Nets arena at the Atlantic Yards. Now that Ratner is backpedaling from his initial plans to build 8 million square feet of office space and apartments – some of it for low-income residents – community activists are worried that Ratner will sell off the rest of the site to other developers, replacing Frank Gehry’s comprehensive design with a hodge-podge of expensive condos or barren land.
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An attorney representing DDDB is now saying that because of the Times's revelation that the cost of the project has more than doubled from the initial estimate to $950 million, “the law and fiscal prudence suggest that the project will have to go back for review and a vote by the Public Authorities Control Board (PACB).” Besides that, a large portion of the land in the arena’s proposed footprint is still owned or leased by private parties who are in court challenging the state’s use of eminent domain.
Posted by amy at March 22, 2008 2:27 PM