In his 2008 State of the Borough Address, Brooklyn Borough President Marty Markowitz stated incorrectly, "At Atlantic Yards, we celebrate the fact that a Community Benefits Agreement will guarantee that fully one half of those units will be priced below market rates."
I pointed out 2/8/08 that only half of the rental units would be affordable, even though developer Forest City Ratner initially claimed that half of all the housing would be affordable.
Last night, I took a look at the transcript of the speech. It now includes an asterix:
AT ATLANTIC YARDS, WE CELEBRATE THE FACT THAT A COMMUNITY BENEFITS AGREEMENT WILL GUARANTEE THAT FULLY ONE HALF OF THOSE [RENTAL*] UNITS WILL BE PRICED BELOW MARKET RATES.
...
*Revision made on February 8 following delivery of State of the Borough Address
Apparently someone in the BP's office reads this blog, and responsibly corrected the record.
I pointed out 2/8/08 that only half of the rental units would be affordable, even though developer Forest City Ratner initially claimed that half of all the housing would be affordable.
Last night, I took a look at the transcript of the speech. It now includes an asterix:
AT ATLANTIC YARDS, WE CELEBRATE THE FACT THAT A COMMUNITY BENEFITS AGREEMENT WILL GUARANTEE THAT FULLY ONE HALF OF THOSE [RENTAL*] UNITS WILL BE PRICED BELOW MARKET RATES.
...
*Revision made on February 8 following delivery of State of the Borough Address
Apparently someone in the BP's office reads this blog, and responsibly corrected the record.
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