Wednesday, March 25, 2015

From the Atlantic Yards CDC meeting: board materials (including budget), President's report

The Board Materials and President's Report from Monday's meeting of the Atlantic Yards Community Development Corporation have been posted, and are also embedded below.

The President's report outlines how the advisory AY CDC works with the parent Empire State Development (with whom it shares staff, board members, and officers), and how ESD oversees the project, with its own consultants and in collaboration with the developer (now Greenland Forest City Partners) and the developer's on-site environmental monitor.

The Board Materials note a budget of about $250,000, more than 60% of which is projected for legal/accounting and consultant fees. The budget can be augmented, as was discussed at the meeting.

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