« What could $20 million buy? Only a little more than this small Lower East Side site | Main | Headlines: Acting Governor Bruce Ratner directs MTA to bail out Acting Governor Bruce Ratner »
June 23, 2009
Noticing Noticing New York: a twofer
Contrary to what Atlantic Yards developer Bruce Ratner would have you believe:
...in an economic downturn the ability to negotiate a better deal should be in the public's favor, not the developer's!
Notwithstanding, it seemed clear that the most important news is that MTA’s ability to provide transportation will suffer.
The concessions to accommodate Forest City Ratner involve significantly diminishing the capacity of the rail yard and doing so in a way that allows little or absolutely no flexibility to ever expand it again afterwards despite the fact that the city is growing and such flexibility is valuable and highly desirable.
Posted by lumi at June 23, 2009 5:31 AM