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October 22, 2009
Pinsky Stays Upbeat Despite Construction Slump
GlobeSt.com
By Cody Lyon
Speaking to reporters at an event hosted by the New York Building Congress, Seth Pinsky, president of the NYC Economic Development Corporation, remained "optimistic" about Bruce Ratner's subsidy-sucking, eminent domain-abusing, lawsuit-laden, new-n-approved Atlantic Yards overdevelopment project:
Then, onto Brooklyn and another case of stall at the lawsuit-laden Atlantic Yards standoff. In response to a question from GlobeSt.com, Pinsky said, “another lawsuit is easy to file, but less easy to win.” He says his agency is working very hard with the developers and the state to get the project’s details in order.
“We remain hopeful they’ll be able to make it to the financing market before the end of the year, but, this is a tricky project,” he told GlobeSt.com Wednesday. “And, until everything is in place, you don’t that it will be in place, but, we remain optimistic and we hope the project will in fact move forward.”.
When pressed with what happens if the lawsuits do work, and there is a successful delay of the project’s successful trip to the financing markets, Pinsky stood pat, saying “we think this project is going to move forward, and that’s what we’re planning for.”
Posted by lumi at October 22, 2009 7:20 AM