MULTIPLE DEVELOPER ALTERNATIVE
The analysis of the multi-developer alternative concludes that the alternative would not be practicable, and would not be effective in accelerating construction of Phase II of the Project.
While Forest City Enterprises last month said all approvals were expected, "allowing the transaction to close in mid-2014," ESD either hinted at delay or was simply more cautious, stating, "It is expected that the joint venture transaction will close in 2014."
The “Reduced Parking Alternative” would be an alternative that would further reduce on-site parking to reflect the recent zoning changes for Downtown Brooklyn, which eliminated accessory parking requirements for affordable housing units and reduced accessory parking requirements for market-rate housing.
Accounting for non-Arena parking demand that would also need to be accommodated off-site under the Reduced Parking Alternative, off-street public parking facilities are expected to operate with available capacity during both the weekday evening and Saturday midday periods when there is a Nets game scheduled at the Arena during these periods, irrespective of the Project variation. Therefore, under the Reduced Parking Alternative, no shortfalls in off-street public parking capacity are expected to occur as a result of demand from a Nets game at the Arena and other non-Arena uses at the project site.
The parking planned in the base case
According to the Draft SEIS, the “base case” Parking Key Plan would reduce the parking area on the Arena Block and eliminate parking spaces in the southwest corner of Block 1120 because parking in this area is not compatible with the current design of the permanent rail Yard.
The reduced parking plan
The Parking Key Plan studied in the Reduced Parking Alternative also would reduce the parking area on the Arena Block and would eliminate all parking on Block 1120 and under Building 15 on Block 1128.