Thursday, May 08, 2008

FCR, at least, says there's $205 million from NYC for AY

Remember that Crain's New York Business article this week quoting anonymous sources (presumably city officials) who said that critics mischaracterized the $105 million in infrastructure funding added to the city's initial $100 million subsidy:
Though listed under Atlantic Yards in the city budget, the work is not part of the development.


Well, Forest City Ratner's recently updated official Atlantic Yards FAQ doesn't make such fine distinctions, adding the city's $205 million to the state's $100 million subsidy.


Previous version

Even though the extra $105 million was added in early 2007, the FAQ was only recently updated. Here's the previous version:

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