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September 15, 2008

FCR to CB8: evasive and disingenuous on project timing, jobs, bridge opening

Atlantic Yards Report

Forest City Ratner's announcement in May that Atlantic Yards was moving ahead generated several questions from Brooklyn Community Board 8, which got back a response that is often evasive, vague, and disingenuous.


According to the letter, sent July 18, the developer is unwilling to commit to a start date for Phase 2 nor to commit to opening the arena only when reconstruction of the adjacent Sixth Avenue bridge is complete. The developer offers a highly-qualified pledge for interim open space and, in asserting project’s benefits, likely overestimates the number of permanent jobs in Phase 1 by a factor of two.

The letter, from Senior VP Scott Cantone, was sent to CB8 Chairman Robert Matthews and cc’d to various public and elected officials. CB8 has not yet publicly responded.


NoLandGrab: Norman Oder walks readers through the math and calculates approximately 1,434 "new permanent jobs," a figure well below the 3,000 claimed by Cantone in his letter to CB8.

It's amazing how Forest City Ratner executives will make false claims for issues that are easily verifiable, which makes you wonder if they ever tell the truth, like, just for funzies. But they don't, which is why you are reading this blog.

Posted by lumi at September 15, 2008 5:00 AM