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June 23, 2009
ESDC will announce a ten-year buildout for Atlantic Yards, but MTA deadlines make that timetable very dubious
Atlantic Yards Report
While the Empire State Development Corporation (ESDC), at its board meeting today, will announce that Atlantic Yards still would take ten years to build--thus avoiding a Supplemental Environmental Impact Statement and delay in project approval--the revised deal for the Vanderbilt Yard revealed yesterday puts that timetable in significant doubt.
Notably, Forest City Ratner would have until September 1, 2016 to build a new permanent railyard. That would leave a little more than three years--until the later part of 2019--to finish the project.
However, the construction schedule approved as part of the Final Environmental Impact Statement projected that, to complete the project, it would take six years and eight months to build new platforms and then towers on them after the railyard had been built.
NoLandGrab: Bruce Ratner and the Empire State Developerment Corporation is planning on lying? We're shocked, SHOCKED!.
Though this week's events are a farce, it is disheartening that Ratner knows that the courts don't take into account whether or not NY State and the developer are telling the truth.
Posted by lumi at June 23, 2009 6:43 AM