After press conference and letter from elected officials, BrooklynSpeaks launches petition asking NY State to enforce penalties for missing affordable housing
New York State could have started collecting more than $1.75 million a month in damages starting June 1, given the failure of Atlantic Yards/Pacific Park developers to deliver 876 (of 2,250) promised affordable housing units, but it hasn't, instead suspending the penalties while it negotiates with a new developer. That new joint venture apparently involves Cirrus Real Estate Partners, Fortress Investment Group, an affiliate of the U.S. Immigration Fund (USIF), the firm LCOR, and existing developer Greenland USA, surely will seek to revise obligations and gain concessions, while likely making new promises of deferred public benefits. New petition The coalition BrooklynSpeaks, which in a 2014 settlement gained that commitment of $2,000/month damages for each missing unit, has previously protested the failure of enforcement (but hasn't yet pursued a lawsuit) and helped influenced local elected officials in writing Gov. Kathy Hochul and Empire State Development (ES...