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August 14, 2008

For the record: the AY arena would take 32+ months

Atlantic Yards Report

Though Forest City Ratner officials continue to claim that "We plan to break ground this fall and are working to open [the arena] in calendar year 2010," the numbers just don't work.

According to Chapter 17 (Construction Impacts) of the Final Environmental Impact Statement (FEIS), the arena would take "less than three years" to build or, by my calculations, 32 months. Even if they started today, the construction schedule would go well into 2011.

Bruce Ratner, speaking to investors in June, somewhat more accurately estimated that the arena would take two-and-a-half years (30 months) to build, though that seems optimistic.

If the developer were to break ground in February, assuming lawsuits are cleared by then, a 32-month (two years, eight months) timetable would still allow for completion for the basketball season beginning in October 2011.

But it sure wouldn't allow for a 2010 arena opening.

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Posted by lumi at August 14, 2008 4:43 AM