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News
Would Diverted Taxes from Future Condos Fund ~$500M+ (?) for the Second Block of the Platform?
16+ hour, 34+ min ago (1441+ words) If the platform for the first railyard block costs $350 million, it’s clear the platform for the second block would cost more While New York State has contributed $175 million and has indicated it would supply $175 million more for the first block,…...
Without Knowing Subsidy Total, How (as the Pratt Center Warned in 2005) Can the Project Be Evaluated?
4+ day, 20+ hour ago (1689+ words) A meeting on Monday should air some questions about the recent Memorandum of Understanding and the pending environmental review Proceeding with a project without knowing the public subsidy total makes it impossible to evaluate, warned the Pratt Center in 2005 In…...
New “Informational Handout” on Atlantic Yards Omits Mention of Subsidies and Free Bulk
2+ week, 6+ day ago (994+ words) Yesterday, Empire State Development (ESD), the state authority that oversees/shepherds1 Atlantic Yards, launched the environmental review process for the remainder of the project, which includes up to 5,600 apartments on top of the 3,212 already built. As explained below, the presentation was…...