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October 4, 2011

Cuomo's new regional economic development councils: potential source of new state subsidies for Atlantic Yards?

Atlantic Yards Report

Where will Forest City Ratner look for additional subsidies to meet Atlantic Yards profit goals, to get that first tower built (after additional city subsidies were denied), to finish the Carlton Avenue Bridge (after Carl Kruger came up empty), finish a new railyard (if EB-5 immigrant investor funds aren't enough), and to do much more?

They have to be considering the New York City Regional Economic Development Council, one of ten regional economic development councils established this past summer, as noted in a 7/20/11 press release headlined Governor Cuomo Announces $1 Billion in Economic Development Funding Will be Available Through New Consolidated Application Process.


Posted by eric at October 4, 2011 11:18 AM