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May 5, 2008

Crain's defends the funding agreements, takes aim at "opponents"

Atlantic Yards Report

Norman Oder takes a more in-depth look at today's Crain's scolding of "Atlantic Yards opponents," and fixes the article's fractured "facts."

A brief article in Crain's New York Business this week, headlined "Fine distinctions on Atlantic Yards," takes dubious aim at criticisms of state and city funding agreements raised first by AYR and later amplified by groups like Develop Don't Destroy Brooklyn.

The article begins:
Atlantic Yards opponents omit key details when criticizing the project’s city subsidies, supporters say.

Well, maybe if state and city agencies had released the funding agreements with some explanation, we'd have a more enlightening discussion. Instead, the state agreement was released quietly by the Empire State Development Corporation and the city agreement was made available only after a Freedom of Information Law request, and the New York City Economic Development Corporation was hardly expansive in answering questions.

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Posted by eric at May 5, 2008 10:47 AM