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December 31, 2008
GL’s 2009 Brooklyn Deathwatch: Five Rotting Corpses???
Gowanus Lounge
Here is a list of 5 development development projects that are thought to have one foot in the grave and the other on a banana peel. Topping the list of projects is the one that we'd like most to see pushing up daisies: the not-dead-yet Atlantic Yards.
Last year, we went out on a limb and predicted the Gowanus Whole Foods project wouldn’t happen. It hasn’t. Yet. This year there are oh-so-many projects that one can predict will be scaled back or do the Dance of Death. Here are a few to chew on:
- Atlantic Yards. We think there is a good chance most of the project will choke on its own excess, including the arena, because of the credit crunch. Unless, of course, Forest City Ratner succeeds in getting a taxpayer bailout to make it happen. If the arena does happen, we predict a crappy Prudential Center-like structure that would be built at half the cost of Frank Gehry’s work. So, maybe it’s not an entirely dead and rotting corpse, yet, but the thing is already on life support.
Posted by steve at December 31, 2008 3:12 PM