Wednesday, September 17, 2008

Essentially undermining Ratner's pledge, Deputy Mayor says market will determine AY timetable

Deputy Mayor for Economic Development Robert Lieber, in an interview yesterday with the New York Observer, was asked:
Do you think it will ever be built out in full, to 6,400 apartments?


His response:
Sure. What I would say is that we want to create the conditions so that can happen. The market will determine when that happens.


Lieber's realistic answer, however, clashes with the assertion by developer Bruce Ratner that "We anticipate finishing all of Atlantic Yards by 2018."

It also backs up the neighborhood and civic groups challenging the stated 2016 Build Year in the Atlantic Yards environmental review; they contend that a ten-year timetable--however realistic from a construction sense--does not comport with the reality of a megaproject, and the state should've studied impacts over a longer period.

We'll see if Lieber's comments are raised in the appellate argument today.

More subsidies?

Asked if the city were open to more subsidies for Atlantic Yards, Lieber responded:
There are a number of ways we’re trying to help them do that. Obviously, we have budget concerns and budget issues that we have to be very mindful of.

Develop Don't Destroy Brooklyn rightly called that a hedge.

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