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October 22, 2008
Comptroller Thompson: mega-projects may slow, but AY still "makes sense"
Atlantic Yards Report
Norman Oder attended a recent Crain's breakfast to give NY City Comptroller William Thompson an opportunity to clarify his views on Bruce Ratner's Atlantic Yards megaproject:
During a press conference afterwards, I asked him his take on Atlantic Yards and how it should go forward.
"Atlantic Yards is another one of those projects, I think--you've seen it scaled back a bit," he said. "But I think if it made sense a year ago, two years ago, it made sense a year ago, it still makes sense to move forward. You may have to look at Atlantic Yards and other projects in stages. But if those projects made sense two-three years ago, when things were booming, they make sense during slower economies, also."
I pointed out that he said at a forum in May that he didn't know what it was any more.
"It continues to be a project, y'know, other than just the stadium, and I know that other parts of it have been scaled back," he said. "I think that we do need to at least go back and revisit it and see exactly what schedule and in what stages and what is being proposed, to move in the next six months, the next year, the next two years. But I still think that if a project made sense two years ago, it makes sense now."
Thompson obviously doesn't know that much about Atlantic Yards--the project was scaled back only after it was increased in size.
Posted by lumi at October 22, 2008 5:42 AM