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June 22, 2010
Panelists at Real Estate Summit Flourish in Midst of Controversy
Brooklyn Daily Eagle
by Linda Collins
Another uncritical report from the "Brooklyn Real Estate Summit."
[Forest City Ratner EVP MaryAnne] Gilmartin, in her presentation, emphasized that Atlantic Yards is primarily a housing initiative with an arena attached. Of 6,430 planned residential units, 35 percent (or 2,250) will be affordable with preferences given to those in the community board districts immediately surrounding it.
Right, which is why they're building the arena first.
“We are committed to building 30 percent of the affordable units in a first phase building adjacent to the arena,” she said, adding that it is now in the design phase, funding will be sought next year and construction could begin in mid- or late-2011.
...Gilmartin noted that FCRC has partnered with eight different community groups on the Atlantic Yards development and an inter-generational center is planned.
NoLandGrab: What Ms. Gilmartin meant is that "FCRC has 'partnered' with eight different 'community' groups on the Atlantic Yards development and an inter-generational center is 'planned'."
Posted by eric at June 22, 2010 9:46 AM