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May 8, 2008

FCR, at least, says there's $205 million from NYC for AY

Atlantic Yards Report

organ.jpg Is a mouth organ for Atlantic Yards making a finer distinction than the house organ?

Remember that Crain's New York Business article this week quoting anonymous sources (presumably city officials) who said that critics mischaracterized the $105 million in infrastructure funding added to the city's initial $100 million subsidy:

Though listed under Atlantic Yards in the city budget, the work is not part of the development.

Well, Forest City Ratner's recently updated official Atlantic Yards FAQ doesn't make such fine distinctions, adding the city's $205 million to the state's $100 million subsidy.

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Posted by lumi at May 8, 2008 6:28 AM