Thursday, November 17, 2011

Moving the goalposts for the first Atlantic Yards tower: from "by year end" to "the spring," just in five months

The Wall Street Journal reports, in an article headlined Ratner Goes 'Modular' in Brooklyn, dated 11/18/11:
Forest City now says it expects the first of those buildings—a 32-story, 350-apartment tower—to be started in the spring. But the firm hasn't yet secured financing for the building, and that date would be about a year later than the company pledged when it started the arena in early 2010.
Earlier this month, executive Jane Marshall said, "We still believe that, before the end of the year, we will be able to announce which way we’re going and show the the design to the public. That's our goal, consistent with our goal to break ground on B2 early next year.”

Actually, they haven't announced whether the first tower will definitely be modular. And they're no longer planning to break ground "early next year."

Moving the goalposts

This past July, MaryAnne Gilmartin, the developer’s Atlantic Yards point person, said, “We expect to decide on our construction approach in the coming months, and we anticipate a groundbreaking by year end."

So, just in five months, they've moved the groundbreaking from "by year end" to "early next year" to "the spring."

How can we trust the announcement that it would be modular?

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