« Document: the revised plan for street closures and traffic changes | Main | Pinsky hopes for AY groundbreaking in weeks, says projects should emerge via RFPs; Gilmartin says FCR's frustrated with absent government coordination »

February 26, 2010

Paying for Atlantic Yards support, fungible money, and Liu's CBA criticisms

Atlantic Yards Report

Did Forest City Ratner pay people to attend the meeting Wednesday night on street closings. An audience member told me yes; the developer said no.

Whether you believe one or the other, the developer is still paying in part for community support. And, if you believe money's fungible, some of the subsidies and tax breaks the developer has received have gone to the Community Benefits Agreement (CBA) signatories, all of whom have received funds from the developer.

All this means that Brooklyn United for Innovative Local Development (BUILD), more than established job-training groups with broader funding, has an interest in the success of the project.

And when FCR executive Jane Marshall thanked BUILD President James Caldwell at the end of the evening, it was--I suspect--for helping make the room seem friendlier to a developer that was not welcoming tough questions.

article

Posted by eric at February 26, 2010 9:23 AM