Atlantic Yards/Pacific Park Report

Glaring Risk: Sequencing Plan Would Deliver Bulk Bonus First, But Delay 61% of Future "Park" ( link ) Subsidy is front-loaded, enabling 71% of Phase 2 apartments. Is the second block, promising “signature” open space, an albatross or an asset? 

Tsai’s Alibaba Sponsors Tsai’s Nets with Patch, Tech; Couple Touts Teams in New Book of Interviews ( link ) Also, Barclays Center releases October 2026 event calendar; Liberty forge ahead; Islanders’ value booms

At Low-Turnout Hearing, State Urged to Broaden Study Area, Increase Affordability, Consider Alternatives, Ensure Open Space ( link ) No project supporters spoke, but only one elected official attended. Online format had some bumps.

Before Tonight’s Hearing, My Article in City Limits, and Wide-Ranging Advice from BrooklynSpeaks ( link ) Might city investment in the AFL-CIO Housing Investment Trust support Atlantic Yards? Also, Cirrus has raised some more money.

More from Meeting: “Single Developer Structure” Questioned; Environmental Review Includes Online Hearing Sept. 24 ( link ) State officials details outreach efforts. November workshop will address project’s (reorganized if not much augmented) open space.

Though NY State Aims to Ensure Initial Phase 2 Construction, Less Incentive for Second Block ( link ) Timeline leaves “signature” open space in jeopardy. Second block would have only 29% of Phase 2 bulk, less than originally approved. Do developers really seek 1.6M more square feet overall? 

Advisory Board Rejects Request for a Financial Analysis to Justify Subsidies and Affordable Housing Configuration ( link ) Atlantic Yards CDC members prioritize completion. State official predicts 2nd railyard block would require just $350M (?) in subsidies. Other public support coming.