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Saturday, Sept. 10, 2005

IBO: Ratner plan brings less than $1M a year to NY

Atlantic Yards: A long-awaited analysis by the city’s Independent Budget Office, released this week, finds that the Atlantic Yards arena project would bring $28.5 million in revenue to the city over 30 years. Comment

Report rips NY Times on Ratner

Atlantic Yards: Charging that the New York Times has shied away from critical coverage of Bruce Ratner’s Atlantic Yards housing, office skyscraper and basketball arena plan because of its own land deal with the developer, about two dozen Brooklynites gathered outside the newspaper’s Manhattan headquarters last Thursday to draw attention to the issue. Comment

RATNER DOUBLES DOWN Higher bid still far short of MTA site’s value

Atlantic Yards: Forest City Ratner this week doubled its bid for development rights over the Metropolitan Transportation Authority’s Atlantic Avenue rail yards, but is still offering less than half of what the property is estimated to be worth, according to a published report. Comment

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