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October 26, 2011
Atlantic Yards: Promises Vs. Reality
Brownstoner
Norman Oder has a piece in City Limits called “The Unfulfilled Promises of Atlantic Yards” that focuses on how Forest City Ratner hasn’t delivered on a lot of stuff outlined in the mega-project’s 2005 Community Benefits Agreement (CBA). Oder makes the case that not only has the developer failed to make good on a number of the CBA’s touted benefits—many of which, he writes, have been sidestepped because of the agreement’s “aspirational, conditional language,” so the lack of promised affordable housing thus far can be blamed on subsidies not being available, for example—but has also yet to hire an Independent Compliance Monitor to report on the extent to which the CBA is being adhered to.
Posted by eric at October 26, 2011 10:00 AM