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April 16, 2009

Arena, 2012? New 2010 groundbreaking estimate suggests even that date may be cutting it close

Atlantic Yards Report

In his series on questions needing answers for an eventual State Senate Committee hearing on Atlantic Yards, Norman Oder thinks that the official arena opening date might be out of reach:

Yesterday, it was revealed that Empire State Development Corporation (ESDC) CEO Marisa Lago predicted that construction jobs be generated in 2010, thus indicating that groundbreaking would occur then.
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How long would the arena take to build? Let's say, for example, that arena construction begins in February. Should the arena take 24 months, as with many arenas around the country, the arena could indeed be finished well in time for the 2012-13 basketball season, which begins in October.

But what if the arena takes two-and-a-half years to construct, as Forest City Ratner CEO Bruce Ratner has said? That would get the arena finished in August, again early enough for 2012.

And what if the arena takes 32 months to build, as indicated in the Final Environmental Impact Statement, according to my reading. That would push an opening date until early October--and any delay in groundbreaking could jeopardize that opening.

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Posted by lumi at April 16, 2009 6:36 AM