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April 24, 2008
Questions unanswered in the State Funding Agreement
Atlantic Yards Report
One lesson from the Atlantic Yards saga is that, at least in this case, the approval in December 2006 by the Empire State Development Corporation (ESDC) was not the end of the story but a midpoint, given that negotiations regarding funding agreements--and thus project deadlines--were in the future.
(Is this standard operating procedure for most ESDC projects? That's a question worth looking into.)
And even the State Funding Agreement, signed last September but made public last month, leaves several ambiguities subject to further negotiations. In other words, it's very much not over--but the negotiations are not exactly public. Perhaps the law, proposed by Assemblyman Richard Brodsky, requiring the ESDC to report on details of the project might get to some of these details.
...
I posed several questions to the Empire State Development Corporation. Spokesman Warner Johnston told me last week it was too soon to provide details...
Click here to read Norman Oder's list of questions for the ESDC.
Posted by lumi at April 24, 2008 5:24 AM