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January 28, 2009

Atlantic Yards as footnote

The troubled Atlantic Yards project frequently pops up as a context-setter — usually as the what-not-to-do example.

BrooklynPaper.com, What’s up, Dock? Lobbying fees, that’s what

For example, when Bruce Ratner’s Atlantic Yards project was nearing its approval by Albany lawmakers in 2006, the developer spent $2.105 million to lobby elected and appointed officials, up from less than $500,000 the year before.

Brooklyn The Borough, An Update on Brooklyn Bridge Park

With even Bruce Ratner scaling back, who is going to invest in more overpriced residences during an economic crisis?

Brooklyn Daily Eagle, Navy Yard, B’klyn Waterfront Are Bright Lights in Otherwise Dismal ’09 Econ. Outlook

George Sweeting, deputy director of the NYC Independent Budget Office and the panelist focusing on the city as a whole, also said a turnaround is far off.
...

Asked about [Forest City Ratner’s] Atlantic Yards arena project, Sweeting said “It may be time for the city to take another look at it. It’s pretty clear it will not look like originally planned.”

Posted by eric at January 28, 2009 9:26 AM