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September 30, 2010
Ratner Scraps Ten Year Timeline for Atlantic Yards Project
Only The Blog Knows Brooklyn
So it seems, the activists were right all along and now developer Bruce Ratner is admitting the truth: the Atlantic Yards project will not be completed in ten years. There is just no way.
Now he’s saying that the 10-year-timeline that was bandied about was just a guess for environmental impact statements. Here Ratner is quoted on WNYC:
“That was really only an analysis as to what the most serious impacts [would be], if all the other planned development in downtown Brooklyn happened right away,” Ratner said. “It was never supposed to be the time we were supposed to build them in.”
That is so much balderdash:
Wasn’t it the economics of the 10-year-timeline that convinced the city and state that it was worth the mega milliions in direct subsidies the project got?
Posted by eric at September 30, 2010 2:23 PM