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January 4, 2009

In Fresno, new mayor wary of lingering FCE project; developer's rep claims commitment

Atlantic Yards Report

The new mayor of Fresno, CA, Ashley Swearingin, is wary of a delayed development called South Stadium, an 85-acre mixed-use project promised by Cleveland-based Forest City Enterprises.
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At a debate in September, Swearingen, a Republican who led the Fresno Regional Jobs Initiative, said, "[L]et me speak in general terms and say that from a policy standpoint I never really supported or endorsed the idea of an exclusive negotiating agreement with Forest City. I think it’s the wrong way to go about downtown revitalization. Once it was done it was done and I was curious to see the outcome and I think thus far we just really haven’t seen anything, particularly when the Proposition 1C dollars were handed out and the Forest City project did not receive the funding that they expected to receive. So I think there are certainly red flags on that project."

Exclusive negotiating agreement? Doesn't she know that in New York, the president of the New York City Economic Development Corporation said of Atlantic Yards, "So, they came to us, we did not come to them. And it is not really up to us then to go out and try to find a better deal. I think that would discourage developers from coming to us, if every time they came to us we went out and tried to shop their idea to somebody else. So we are actively shopping, but not for another sports arena franchise for Brooklyn."

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Posted by amy at January 4, 2009 9:49 AM