February 22, 2009
It came from the Atlantic Yards Report...
HINT: They rhyme with radium and marina...
There's no campaign web site just yet. However, after two terms and the extension of term limits, the Borough President's web site surely does double duty.
AYR asks why this gets so much coverage from the media, and what happened to the sponsorship from Barclays Center?
Is it a publicly-owned arena--an issue that may come up at the eminent domain hearing tomorrow? DDDB has it wrong. NLG has it right--it would be publicly-owned by leased for a buck.
And, if we're going to be precise, I'm not sure Ratner is a billionaire any more, and more than one-third of the apartments would be subsidized (though only about half, perhaps, would be "real housing for the real Brooklyn"). As for whether payments in lieu of taxes (PILOTs) qualify as taxpayer financing, Assemblyman Richard Brodsky would agree, but it is a matter of debate. Surely PILOTs represent a subsidy--worth perhaps $165 million.
Posted by amy at February 22, 2009 10:22 AM