Wednesday, June 23, 2010

At ESDC board meeting Thursday, another amendment to the funding agreements on the agenda

One item on the 22-item agenda for tomorrow's board meeting of the Empire State Development Corporation (ESDC) involves Atlantic Yards.

The agenda states:
ATLANTIC YARDS LAND USE IMPROVEMENT AND CIVIC PROJECT
7. New York (Kings County) – Atlantic Yards Land Use Improvement and Civic Project – Authorization to Amend Funding Agreements; Authorization to Take Related Actions
What exactly that means is to be determined, but previous amendments--as noted last September--relaxed rules or timetables to ease Forest City Ratner's cash flow.

Details

Empire State Development
37th Floor Conference Room
633 Third Avenue
New York, New York 10017

The meeting will be webcast.

Due to 633 Third Avenue building procedures, those attending in New York City must RSVP by 5:00 pm. on Wednesday, June 23, 2010. Members of the public should call (212) 803-3794.

Public comment

According to ESDC rules, public comment is welcomed:
To ensure maximum opportunity for participation, speakers representing themselves may speak for up to 2 minutes each, and those representing groups may speak for up to 4 minutes (1 speaker per group). Speakers’ comments may address only items considered at today’s meeting.

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