Atlantic Yards

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 LetitiaJames.


Edited: |

blog comments powered by Disqus