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September 17, 2009
Atlantic Yards Project Timeline Questioned
WNYC Radio
by Matthew Schuerman
Ratner maintains he can build the project in 10 years, and the state's adopted that timeline in order to measure its economic benefits and environmental impacts.
But an attorney for the project's opponents, Jeff Baker, argued in a recent letter to state officials that the timeline is a fiction. Over lengthy negotiations, Ratner just got the MTA this summer to agree to sell him the train yard in pieces.
But Ratner's not allowed to start building on each parcel until he pays for it. And according to the schedule of payments, he won't finish paying for the last parcel until the year 2030 meaning the full project won't be done until some time after that.
The Empire State Development Corporation is expected to approve the revised plan Thursday morning.
Posted by eric at September 17, 2009 11:36 AM