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June 1, 2008

The "close reading" on AY projections that the Times didn't do

Atlantic Yards Report

Along with the failure to show the scale of the Atlantic Yards project, another major media lapse has been the unwillingness to challenge the $6 billion lie attributed to sports economist Andrew Zimbalist, Forest City Ratner's paid consultant. Eeconomist Brad Humphreys told Congress last year, as I noted on Wednesday, that academically rigorous economic impact studies of merit are peer-reviewed, while "promotional" studies are not.

Zimbalist's "promotional" study got a pass, though, as I note below, the Times was considerably more skeptical of economic projections regarding the controversial West Side Stadium.

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Posted by amy at June 1, 2008 8:37 AM