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March 22, 2008

Report: Atlantic Yards Project Could Be Delayed By Slow Economy



"It's no news to us that the Atlantic Yards project, which has always been financially not a viable project, is now suffering even more because of what's going on with the economy, " said Daniel Goldstein of the community coalition Develop Don’t Destroy Brooklyn. "Now what we're faced with is a project that no one ever asked for, no one ever bargained for, which would be an arena, and maybe a tower around it, and a bunch of demolition sites or vacant lots."


Additional Coverage:

Gothamist: Atlantic Yards Project Threatened by Recession
WNBC: Atlantic Yards Plans Could Slow Because Of Lagging Economy
Wall Street Journal: Commercial Projects Stalling: Add Ratner’s Atlantic Yards to the List
Reuters: Weak economy could slow Atlantic Yards project
Crain's: Delays don't mean death for Atlantic Yards
Commercial Property News: Wall Street Woes Take a Bite Out of Big Apple
WNYC: Weakening Economy may Delay Atlantic Yards Project
Curbed: Atlantic Yards 'Stall': Ouroussoff Goes Nuclear
UPI: Parts of $4 billion NYC project delayed
Architectural Record: Construction on Forest City Ratner’s $4 billion Atlantic Yards project in Brooklyn could be “put off for years” and Frank Gehry’s design could be scaled back

Posted by amy at March 22, 2008 1:59 PM