Had the ESDC disclosed the terms of the Development Agreement that were being negotiated when the petitions were initially heard, or brought the Agreement to the court’s attention promptly after it was executed... the balance of the equities may have favored a stay..."
—New York State Supreme Court Justice Marcy Friedman*
Had enough of the broken promises at the Atlantic Yards project? Our elected officials sure have. Now that the State has to consider whether to approve Forest City Ratner's proposed sale of interest in Atlantic Yards to Chinese developer Greenland Holdings, it's your chance to tell Governor Cuomo not to let what may be the last opportunity for accountability at the project slip away.
Assembly member Jim Brennan releases facts highlighting the delay in Atlantic Yards affordable housing
Today, Assembly member Brennan (D, Brooklyn), released the fact sheet below outlining Forest City Ratner Companies’ (FCRC) planned delay in producing the affordable housing benefits promised to the community. This fact sheet is released on the heels of the press conference on Friday, November 15, 2013 where Brooklyn elected officials and prominent civic groups called on FCRC to accelerate the affordable housing now and make a written commitment to that effect.
Brooklyn's elected officials demand new commitment for Atlantic Yards' affordable housing in advance of sale of Forest City Ratner's interest in project
BROOKLYN, November 15, 2013: Today, a coalition of Brooklyn elected officials, who represent the communities surrounding the Atlantic Yards project, and prominent civic groups, gathered at the Fifth Avenue Committee to call on Forest City Ratner Companies (FCRC), Governor Andrew Cuomo and the New York State Empire State Development Corporation (ESDC) to accelerate the delivery of the 2,250 units of affordable housing promised at the site and acknowledge in the newly required environmental impact statement, the socioeconomic damage to the community from the delay. The coalition also presented demands that must be met before FCRC is allowed to sell a majority interest in the Project.