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June 17, 2009

ESDC meeting moved up; schedule now is MTA June 22, ESDC June 23, MTA June 24

Atlantic Yards Report

Today, the Empire State Development Corporation (ESDC) announced that its board meeting would be held Tuesday, June 23, at 9 am, rather than, as previously indicated, June 24.

While ESDC spokesman Warner Johnston told me that changes in meeting times aren't unusual--true--the switch also apparently gives the board the opportunity to adopt a revised Modified General Project Plan for Atlantic Yards before the Metropolitan Transportation Authority (MTA) acts.

The MTA Finance Committee on June 22 is expected to examine on a revised deal with Forest City Ratner to develop the Vanderbilt Yard. On June 24, the full MTA board is expected to approve the deal.


NoLandGrab: With the recent resignations of key executives, things must be pretty chaotic over at the Empire State Developerment Corporation and Metropolitan Transportation Authority.

However, Atlantic Yards developer Forest City Ratner must have some sort of guardian angel looking over its project, because the review and approval of important changes made it on to the schedule of both agencies' board meetings.

Posted by lumi at June 17, 2009 4:50 AM