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October 17, 2010
Opportunities Abound
Joy's blog on Forest City Enterprises
The author of this blog apparently hasn't gotten word that the Atlantic Yards project will not be built as stated in the past, and will be generating few, if any, benefits to the public.
Forest City Enterprises has turned the threat of the downturn in economy into opportunities for themselves and others. Many of their projects offer employment, housing, and development to communities that were otherwise suffering.
Atlantic Yards (from www.barclayscenter.com)
"Atlantic Yards will span 22 acres and transform the current rail yards and predominantly underutilized and industrial area into 17 new buildings, including the state-of-the-art venue. The $4 billion development will encompass 336,000 square feet of office space, 6.36 million square feet of residential space (6,430 units of affordable, middle-income and market-rate housing), an 18,000 seat sports and entertainment venue - the Barclays Center - 247,000 square feet of retail space, a 165,000-square-foot hotel (180 rooms) and over 8 acres of intricately designed publicly accessible open space.
The development will produce tremendous economic growth for the borough and city, creating more than 16,000 union construction jobs plus over 8,000 permanent jobs, as well as generating over $5.6 billion in tax revenue for the city and state over 30 years."
NoLandGrab: The year 2004 just called, and it wants its Atlantic Yards lies back.
Posted by steve at October 17, 2010 8:34 AM