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October 10, 2009
CNG Watch: news of downtown condo price cuts but not KPMG's Atlantic Yards market study
Atlantic Yards Report
You might think that a newspaper that covers Brooklyn would give priority to the largest proposed project for the borough. In the past, you would be right, but now, you'd be mistaken. The Brooklyn Paper has a story about price cuts for the new Oro Building, but misses a story that connects inflated sales figures for Oro to Atlantic Yards.
But there's nothing in the Brooklyn Paper, nor its Community Newspaper Group (aka Murdoch-owned) sibling Courier-Life, about the dubious KPMG report released Wednesday concerning the market for condos and rentals in the Atlantic Yards project. That report claimed that the Oro was 75% sold.
Nor did the two newspapers cover the Empire State Development Corporation's September 17 vote to approve the 2009 Modified General Project Plan.
In March, Brooklyn Paper editor-in-chief Gersh Kuntzman, who regularly reminds us how both he and the paper are "award-winning," asserted that "our coverage of Atlantic Yards has not 'tailed off.'"
The evidence, however, shows that it has.
Posted by steve at October 10, 2009 7:40 AM