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February 11, 2010

Fact-checking claims in MaryAnne Gilmartin's "The Op-Ed: Atlantic Yards—It Is Happening"

Atlantic Yards Report

Norman Oder fact checks Forest City Ratner executive MaryAnne Gilmartin's "op-ed," which appeared in the "The Commercial Observer," a spinoff publication of the NY Observer.

Despite Gilmartin's proclamation that "We are building Atlantic Yards," Oder points out that there are no current renderings; the public costs remain uncalculated; the affordable housing isn't as affordable as the developer would have you believe; the jobs figures are calcuated in "job years" (one job for each year!), not actual jobs; the timeline is very generous before the developer incurs penalties; and though she may tout the area is blighted, the CEO of Forest City called it "a great piece of real estate."

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Posted by lumi at February 11, 2010 5:17 AM