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June 20, 2008
Atlantic Yards Opposition Seeks Further Approval
GlobeSt.com
by Natalie Dolce
The proposed $4-billion Atlantic Yards project has had many hurdles presented in a number of court challenges over the past year, and opposition to the project has continuously called for a "time out," as GlobeSt.com previously reported. On Thursday, one such opposition group, Develop Don’t Destroy Brooklyn, and its attorney Jeffrey Baker of Young, Sommer, Ward, Ritzenberg, Baker & Moore LLC, sent a letter to the Public Authorities Control Board regarding the "increase in cost" of Forest City Ratner Cos.' Atlantic Yards Barclay's arena and the development project as a whole.
The letter demands that the PACB--comprised of Gov. David Paterson, Speaker Sheldon Silver and Majority Leader Joseph Bruno--exercise its "statutory obligation to approve the financing and construction of the project." When asked about financials surrounding the project, a Forest City Ratner spokesperson tells GlobeSt.com that they have "no comment at this time," and also says that they have no comment regarding the DDDB letter.
NoLandGrab: Hmmm, a double no-comment from Forest City Ratner. Guess they forgot that "when it comes to sharing information with the public and governmental bodies, there’s no such thing as too much, as far as we are concerned."
And we wonder if the members of the PACB declined comment, too, or if GlobeSt. just forgot to seek it.
Posted by eric at June 20, 2008 10:09 AM