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February 1, 2009
ESDC Says Atlantic Yards Not Eligible for Federal Stimulus Money
Develop Don't Destroy Brooklyn
Unless it is a feint of some kind, the Empire State Development Corporation, for the first time ever, has made a declarative statement detrimental to the hopes and dreams of "developer" Forest City Ratner and its Atlantic Yards proposal.And rightly so.
The state development corporation and lead agency on Atlantic Yards stated unequivocally that Atlantic Yards is not a "shovel ready" project and therefore will not be eligible for any money from the non yet approved federal stimulus bill.
Congresswoman Yvette Clarke, who represents the district where the project has been proposed, also stated clearly that any decision on stimulus money for Atlantic Yards would be made by the ESDC, not by her office.
Posted by amy at February 1, 2009 9:52 AM