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February 1, 2011
"Resolution... expected over the next few months" regarding arena construction schedule disputes (which were to be resolved in December)
Atlantic Yards Report
Speaking of construction...
Is the Atlantic Yards arena on schedule? Despite happy talk from Bruce Ratner and Brett Yormark in the 1/26/11 New York Times, we can't be certain.
The latest Site Observation Report [PDF], from consultants (to the bond trustee) Merritt & Harris, has been released, dated 1/28/11 and based on a 12/21/10 visit.
The previous report indicated that "there is a meeting anticipated for mid-December to resolve current schedule disputes."
That wasn't enough. Here's the update:
A High Level Arena Summary Construction Schedule, dated July 16, 2010, has been provided for our review. The current schedule, prepared by Hunt, indicates that substantial completion is anticipated to be by August 12, 2012. The Developer is currently reviewing that schedule and is working with Hunt to resolve current schedule disputes. A resolution is expected over the next few months.
NoLandGrab: There might be a silver lining, after all, to all this cursed snow.
Posted by eric at February 1, 2011 10:22 AM