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Without Knowing Subsidy Total, How (as the Pratt Center Warned in 2005) Can the Project Be Evaluated?
3+ day, 15+ 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, 4+ 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…...
Behind the Lull, Much Is Percolating: MOU, Financial Analysis, Draft Scope for the Environmental Review
1+ mon, 2+ day ago (1678+ words) I’ll be talking about Atlantic Yards at about 11 am on Wednesday, Aug. 12, on WBAI, 99.5, on Living for the City, hosted by Michael Haskins. My segment should last about 30 minutes. Since the “Town Hall” Q&A (my coverage) on July 13, it…...
As Revised Plan Shows (Larger) Tower Dimensions and Affordability Details, State Envisions $700M in Direct Subsidies
2+ mon, 1+ week ago (1803+ words) A new total: 8,812 units, of which 2,616 (30%) would be below-market “affordable” Given the lag in building promised affordable units, there’d be a net gain of only 366 affordable units overall, and even fewer low-income ones With construction starting in 2028, the first affordable…...
As Affordable Housing Baseline Continues to Rise, What Might "Low-Income" Mean in 2031?
3+ mon, 2+ hour ago (1744+ words) Note: An Atlantic Yards 101 presentation, from the Prospect Heights Neighborhood Development Council, will be held on Tuesday, June 16, from 6:30 pm-8 pm at the Brooklyn Public Library’s Central Library. I’m out of town. But I wouldn’t be surprised if they draw…...
May Roundup: Waiting for the Subsidy Deal, the MOU, and the "Conceptual" Program
3+ mon, 2+ week ago (1349+ words) It’s been six weeks since my last collection of articles, published on April 9. A lot has happened, notably the release at the end of April of a Final Community Engagement Report that, while essentially endorsing new project plans from developers…...
ESD's Engagement Report Defends Subsidy, Reveals Design Change, Deflects on Affordable Housing, and Stonewalls on Oversight
4+ mon, 1+ week ago (1728+ words) On April 30, just under the wire for a promised April delivery, Empire State Development (ESD), the state authority that oversees/shepherds the project, released a Final Community Engagement Report regarding the planning process that began last November. It serves to…...