About Ratner's Plan

Atlantic Yards Proposal

The 22-acre footprint is 1.3 times that of the World Trade Center site and includes:

  • 16 tower buildings ranging from 20 to 58 stories high (see numbered and lettered buildings below)
  • 1.08 million squ. ft. of office, retail and hotel space
  • An approximately 18,000-seat arena (850,000 sq. ft.)
  • 7.2 million sq. ft. of housing (7,300 units)

How BIG is Ratner's Atlantic Yards proposal?

If built, Atlantic Yards would be:

  • the LARGEST single-source development in NYC history, and
  • the DENSEST housing tract in the nation.

Two Views of the Site Plan

Is this plan right for Brooklyn?

Taxpayer Financing

Forest City Ratner's (FCR) current estimate of public subsidies is $1.1 BILLION.

Should we be paying for a project that is adjacent to two other properties owned by FCR (the Atlantic Center Mall, Atlantic Terminal)?

Transportation/Traffic

9,000 more vehicles on an average weekday with 2,500 more on game days 29,000 more subway and 10,000 bus riders

Although an environmental impact survey has not been released, these estimates come from Community Consulting Services, a Brooklyn-based think thank. (see Daily News Article, Feb. 29, 2004)

Isn't Flatbush and Atlantic the most congested intersection in Brooklyn? Bruce Ratner and the state haven't presented a plan explaining how Brooklynites are expected to put up with this and how much it will cost the taxpayers.

Jobs

Ratner claims that Atlantic Yards will create 10,000 permanent jobs and 15,000 temporary construction jobs.

Claim The Facts

10,000 permanent jobs (original estimate)

2,500 jobs according to estimates by the New York City Economic Development Corporation.

Only 700 of which would be new to NYC.

15,000 temporary construction jobs = 1,500 jobs × 10 years

These figures come from Forest City Ratner.
The Brooklyn Papers unmasked these misleading figures in their June 26, 2004 edition. Read the article.

Read the Reports and Documents

Zimbalist Report
Forest City Ratner commissioned a report by Andrew Zimbalist who concluded that there would be a net gain to tax payers and New York State.

Neil deMause took a close look at Zimbalist's report and noticed that, according to Zimbalist's numbers and analysis the arena itself would post a net loss. He concluded "If the arena is a dog and the housing a winner, why not ditch the hoops and carpet the rail yards with apartment buildings?"

Kim-Peebles Report
Written by Jung Kim, from the London School of Economics, and Gustav Peebles, from Columbia University, this report analyses the facts and figures from the Rater commissioned report by Andrew Zimbalist and comes to astonishingly different conclusions. According to veteran-sports columnist, Mike Lupica, the Kim-Peebles report "is required reading for Brooklyn residents."

Draft Scope of Analysis for an Environmental Impact Statement (EIS)
The first document that officially describes the plan. A must read for Atlantic Yard wonks.

Are there Alternatives?

YES.

UNITY PLAN
Several architects have come forward with bold development plans that include mix residential units (including guaranteed low/affordable housing), commercial and business space as well as public parks. Click here to download pdf.

EXTELL BID
This was a viable bid, submitted to the MTA by an established NYC developer and backed by the community. Extell outbid Ratner by $100 million, forcing Forest City Ratner to up their bid to $100 million (still a cool $50 million short of Extell's). [NY Times coverage]