« Daily News reports construction jobs lag well behind estimates for 6 months ago; ESDC claims all jobs will come (AYR: not if project's 1/3 smaller) | Main | The phantom 69.5 acres of collateral offered to Chinese investors in the "Brooklyn Stadium and Infrastructure Project" EB-5 funding scheme »
October 8, 2010
Shock: Atlantic Yards Construction Jobs Lag Way Behind Projections
Develop Don't Destroy Brooklyn
Forest City Ratner and the Empire State Development Corporation (ESDC) promised that Atlantic Yards would mean jobs, jobs, jobs—especially construction jobs. Depending on the day or year they've promised 7,000 construction jobs, 10,000 construction jobs. Well Erin Durkin at the Daily News reports today that Ratner's project lags way behind its overhyped job projections and there appears to be no improvement on the horizon or on schedule.
(Update: The print version of the article, in the Brooklyn edition only, had a much more hardhitting headline with some stark math:
Posted by eric at October 8, 2010 10:32 AM