April 1, 2010
ESDC leader jokes that he'd like to move Atlantic Yards "off our portfolio;" AKRF's tab tops $5 million; new owner's rep signed after conflict
Atlantic Yards Report
This, incredibly, is not an April Fools gag.
Humor, sometimes, masks deep discomfort.
The Atlantic Yards project is apparently such a hot potato that last week Empire State Development Corporation (ESDC) Chairman-designate Dennis Mullen joked that Atlantic Yards is "a project that I would like to move off our portfolio."
The comment came about 24 minutes into the March 26 ESDC board meeting (agenda, webcast).
The ESDC board and staff had just concluded discussion about the city takeover of Brooklyn Bridge Park, initially a state-city project.
Moving on to AY
"Rachel, you're up," Mullen said, pointing to Rachel Shatz, Director of Planning and Environmental Review. "You're going to talk to us about Atlantic Yards--a project that I would like to move off our portfolio."
There was healthy laughter around the boardroom table in New York.
"No comment," said one person.
"Oh-kay," said Shatz jocularly. "Thank you."
"Did I actually say that out loud?" Mullen mused, on video from the Albany office.
NoLandGrab: Haha! $5 million for AKRF! You're slaying us, ESDC!
Posted by eric at April 1, 2010 11:29 AM