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April 1, 2008
Over $20 Billion New York Development May Be Canceled Due To Weak Economy
All Headline News
By Vittorio Hernandez
A rewrite of this weekend's NY Daily News story:
As the Big Apple's economy seemingly turn from bad to worse, over $20 billion worth of development projects are at risk of being canceled. A number of the projects were designed by renowned architects.
Among the ambitious projects now with dubious futures are the Atlantic Yards towers in Brooklyn designed by Frank Gehry and the Manhattan Moynihan rail center in midtown. The developer of Atlantic Yards, Bruce Ratner, said the $4 billion project may be delayed because of funding problems.
Posted by lumi at April 1, 2008 6:56 PM