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March 27, 2009

Yes, Atlantic Yards has been submitted by the ESDC for stimulus funds, but is it eligible?

Atlantic Yards Report

It seems like Bruce Ratner's subsidy-laden Atlantic Yards megaproject magically made it onto NY State's "Second Draft List" (it wasn't on the first) for projects to receive federal stimulus funds:

Yes, apparently, Atlantic Yards is shovel-ready, according to the Empire State Development Corporation, which had gone back-and-forth on that issue.

A cryptic entry in the massive, 774-page Second Draft List - Project Proposals (PDF), issued March 25 by the New York State Economic Recovery and Reinvestment Cabinet, mentions AY but, in contrast to most other projects, without a budget or a description. (Click to enlarge)

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NoLandGrab: Huh? A request for $0 for "Atlantic Yards" is supposed to be a placeholder, or something, for a figure to be filled in at a later date? You gotta be kidding.

Like everything Atlantic Yards, the actual amount of money that Bruce Ratner wants is another state secret.

Posted by lumi at March 27, 2009 5:22 PM