It's probably never been as great a demand as we're having right now. ... This city did not have the kind of recession that much of the country had.
—Forest City Ratner Companies CEO Bruce Ratner*
Construction of the Barclays Center arena is moving ahead, but the completion of Phase I and all of Phase II of the Atlantic Yards project risks being significantly delayed. Sadly, the promises of jobs, economic vitality for the area, income for the City of New York, affordable housing, and open space all seem unlikely to be realized for decades, if not generations.
BrooklynSpeaks and Develop Don’t Destroy Brooklyn want successful development of the Atlantic Yards site. We want what the State and City want: the economic development, the jobs, and the public benefits that a healthy development can provide—not in the 25 years now understood by all as being likely, but within the next few years as needed.
Empire State Development Corporation and Forest City Ratner to fight court order to revisit 2009 Atlantic Yards Plan
Local groups victorious as judge slams Empire State Development Corporation for breaking the law by approving 2009 Modified Plan
Today, New York State Supreme Court Justice Marcy Friedman ruled that the New York State Empire State Development Corporation (ESDC) acted illegally in 2009 when it approved changes to the Atlantic Yards project that increased from ten years to twenty-five years the amount of time allowed to developer Forest City Ratner Companies (FCRC) to complete the project without first studying the impacts of prolonged construction to the surrounding communities.