One more contract for ESD, with law firm Carter Ledyard, for transactional documents in new project plan. Total cumulative consultant tab likely to exceed $66 million.
As Atlantic Yards plans percolate, Empire State Development (ESD), the state authority that oversee/shepherds the project, has now signed its third consultant and second law firm. As previously reported, ESD approved a $2 million-plus contract with consultant AKRF to prepare the planned Second Supplemental Environmental Impact Statement (SSEIS) needed to consider proposed project modifications. ESD in February approved extension of a contract, up to $500,000. with the law firm Bryan Cave Leighton Paisner, to advise on land use and environmental issues, including the SSEIS. A new contract And on March 26 ESD approved a new two-year contract , up to $750,000, with the law firm Carter Ledyard & Milburn for help in drafting the emerging deal with developers Cirrus Workforce Housing and LCOR. "Legal services relating to negotiating and drafting modified and/or new Project documents will be needed as ESD and the new development team move forward with Ph...