Wednesday, January 06, 2010

ESDC: master closing documents will become available... in next few weeks

Remember, contract documents signed during the Atlantic Yards master closing, rather than the more aspirational and vague Final Environmental Impact Statement and the Modified General Project Plan, are where we get to see the real oversight of the project.

Last month, the Empire State Development Corporation (ESDC) told me it would be a week or two after the December 23 master closing before the master closing documents were released.

Now, ESDC spokeswoman Elizabeth Mitchell tells me it will be a little while longer:
The Master Closing documents have been finalized and remain in escrow pending title acquisition or vacant possession. The "final" documents - in unexecuted form - should be made available to the public at our offices under supervision in the next few weeks.
Maybe that's where we'll learn, in the Transit Improvement Agreement, how $8.1 million in contingency funds can be used to repair what may be some substantial--yet not fully assessed--damage to subway tunnels around the Atlantic Yards arena block.

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