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| Atlantic Yards |
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| last edited by BillSeitz on Nov 20, 2008 10:02 pm |
Bruce Ratner Real Estate project in Brooklyn Ny, seeking typical SubSidy.
http://en.wikipedia.org/wiki/Atlantic_Yards
http://www.developdontdestroy.org
http://atlanticyardsreport.blogspot.com/
of course it includes a Sports Stadium
in addition, there are approved tax breaks and subsidies to pay for the project, bringing the total known public money to be used in the project to approximately $1.929 billion.
The main controversy concerning the development of the Atlantic Yards is the use of Eminent Domain which would destroy a [Mixed Income] neighborhood.
Three of the four local elected representatives in the neighborhood also oppose the project, especially New York City Council member [Letitia James].
| See Back Links: z2007-01-31- Bloomberg Raises Atlantic Yards Subsidy | z2005-08-26- Ratner Side Deals | |
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