Gothamist: Atlantic Yards Developer Rushes to Reassure Investors

buzzbuzzard

Thu, 03 Apr 2008 14:14:45 -0500

>What happened to that poor guy's fingers?? Maybe he made big promises to his investors that he couldn't keep.

anopneumous

Thu, 03 Apr 2008 13:56:54 -0500

What happened to that poor guy's fingers??

JMH

Thu, 03 Apr 2008 13:43:07 -0500

What a SHOCK that low-income housing was the first thing Ratner wanted to cut.

malasagna

Thu, 03 Apr 2008 13:20:13 -0500

more hot bird ads

Aces

Thu, 03 Apr 2008 13:09:03 -0500

So this massive project was approved by the city despite the fact that it lacked sound financial backing? Another case of anticipating so much money flying around so many outstretched hands that everybody (save the community) goes away happy?

EricGewiz

Thu, 03 Apr 2008 12:37:08 -0500

The project is too "dense" for the neighborhoods around it. Plus, the plan itself had no plans for improving civic services in the area and/or schools. When you intend to add over, say, 50,000 people but don't use the land or schools, police, fire, medical, etc. and/or improve transit underneath, which is already over-taxed, then this is not serving the public good. the organic growth of Clinton Hill and Prospect Heights didn't need this project to assist for the public good.

zstone

Thu, 03 Apr 2008 12:17:40 -0500

We can get rid of the "blight" through organic growth, and not having this development - touted, it seemed, as the best thing to happen to Brooklyn since the damn bridge - shoved down Brooklynites' throats. The whole thing has been such a nightmare. There's no way the gov't can argue that the land is going to benefit the public now, without some concrete plan for the land (besides the stadium, which is another abortion all together).

zodak

Thu, 03 Apr 2008 12:16:07 -0500

worst. hand. ever.

EricGewiz

Thu, 03 Apr 2008 11:49:03 -0500

What doens't support the public is the "blight" issue brought up last year. As long as nothing is actively being developed/constructed, the "blight" is not going away in the surrounding immediate footprint. He apparently has until Dec 2009 to eradciate said "blight" around the rail yards (in other words: develop something on the empty land other than a temp. parking lot) otherwise certain labor groups will no longer support the project.