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July 12, 2012
First Atlantic Yards tower: modular plans still unresolved, but tax-exempt bonds proceeding, with hearing on July 18
Atlantic Yards Report
Forest City Ratner this week began what its construction chief called “very very minor” work on the foundation and piles for Building 2, the first residential tower.
But it hasn’t decided whether to pursue modular construction, as negotiations with unions--who, expecting higher-paying jobs on site, aggressively supported Atlantic Yards--are unresolved.
Meanwhile, the New York City Housing Development Corporation is proceeding with the issuance of nearly $92 million in tax-exempt bonds to support construction. A hearing July 18, during which public comment will be accepted, will be held at 1 pm in Conference Room 4 A/B at 110 William Street, 4th Floor, in Lower Manhattan.
No further information is available as of now, which kind of retards public comment. The NYC HDC apparently published the notice in the New York Post this weekend, but no community people--including Council Member Letitia James--knew about it until Forest City Ratner executive Jane Marshall volunteered it at the Atlantic Yards District Service Cabinet meeting this morning.
The hearing
“I just wanted to mention it,” Marshall said, during the meeting at Borough Hall. “The notice went out, and we didn't see any reaction on the blogs.”
NoLandGrab: Reaction? We're with Jay-Z pal Trey Anastasio on this one.
Posted by eric at July 12, 2012 3:35 PM