Skip to main content

Paterson, Bloomberg, Markowitz, Ratner, Jay-Z (but no Prokhorov) scheduled for arena groundbreaking Thursday; will they let me in?

Forest City Ratner yesterday sent out a press release regarding the groundbreaking ceremony Thursday, to be held at 1:30 p.m. at the intersection of Fifth and Atlantic avenues. (It's reproduced below, with contact info stripped out.)

Leaders of the state (Gov. David Paterson), city (Mayor Mike Bloomberg), and borough (Brooklyn Borough President Marty Markowitz) are expected; it will be interesting to see how many local elected officials and community board officials choose to attend.

Also present will be developer Bruce Ratner, naming rights purchaser Bob Diamond of Barclays Capital, and entertain Jay-Z, who owns a tiny slice of the team. Unmentioned in the press release is prospective Nets owner Mikhail Prokhorov, scheduled to buy 80% of the team and 45% of the arena.

Is it that Prokhorov hasn't been officially approved as owner? Or is it that significant subsidies, tax breaks, and the use of eminent domain looks a little different when the beneficiary is Russia's richest man?

Note that the press release, in contrast to a recent news report, suggests that the first residential building will begin this year. Actually, that's just design work; construction is expected to begin in the spring of 2011 (despite a statement from FCR about breaking ground in December).

(Images of the arena interior, at right for basketball and below for concerts, via the Post.)

Location

What exactly does the location 5th and Atlantic Avenues" mean?

It's unclear. But there likely will be a fence, and some sort of tent and/or stage--and enough security to keep out pesky protesters.

Will AYR be allowed in?

Note that only "officially credentialed press" will be allowed in, which can be used to keep out both self-appointed temporary journalists as well as yours truly.

I asked FCR spokesman Joe DePlasco and he said he'd check.

I'm not holding my breath. I wasn't allowed into the notorious Frank Gehry press conference in May 2006 but I was allowed into the January 2007 naming rights event, largely because I was covering it for the weekly Brooklyn Downtown Star.

But if it's a ban, it's a ridiculous one. They read my work. They know I know more about this project than the "officially credentialed journalists." They know that I'll likely cover the event in greater detail than afforded in print on on TV.

Sure, they generally ignore my questions, but when the Ridge Hill corruption case was announced in January, with Forest City Ratner involved but not indicted, DePlasco's firm sent me a press release so I could report FCR's statement.

If AYR was an important enough news outlet then, why isn't it now?

They know I'm likely to take a critical approach to the project and untangle misleading statements made by speakers. But they also know that I'll be careful; I'll be covering a public event, and any mistake or distortion is checkable and subject to correction or criticism.

This project has gained significant public subsidies and support. Shouldn't it be open to scrutiny?

The press release

BARCLAYS CENTER AND ATLANTIC YARDS

GROUNDBREAKING CEREMONY THURSDAY, MARCH 11, 2010

Ceremonial Groundbreaking to Celebrate the Next Phase of Construction

On Atlantic Yards and Sports and Entertainment Arena in Brooklyn

(BROOKLYN, NY) – March 8, 2010 – Governor David Paterson, Mayor Michael Bloomberg, Brooklyn Borough President Marty Markowitz, Forest City Ratner Companies Chairman and CEO Bruce Ratner, Barclays PLC President Robert E. Diamond, Jr., NETS investor and cultural icon Shawn “JAY-Z” Carter, and Brooklyn Sports & Entertainment President and CEO Brett Yormark, among others, will be on hand for the groundbreaking ceremony of the Barclays Center at Atlantic Yards on Thursday, March 11, 2010 at 5th and Atlantic Avenues in Brooklyn (12:30 PM press set up, 1:30 PM ceremony).

While work has been ongoing at the site since last fall, and with the temporary rail yard completed last December, the March 11 groundbreaking ceremony will mark the next phase of construction on the 18,000-seat world-class sports and entertainment arena. The Barclays Center will host more than 200 events annually, including professional and collegiate sports, concerts, family shows, NETS Basketball, and much more. The first phase of Atlantic Yards will also include three residential buildings, with the first starting later this year.

WHAT: Ceremonial groundbreaking for Barclays Center at Atlantic Yards.

WHO: Governor David Paterson, Mayor Michael Bloomberg, Brooklyn Borough President Marty Markowitz, Forest City Ratner Companies Chairman and CEO Bruce Ratner, Barclays PLC President Robert E. Diamond, Jr., NETS investor and cultural icon Shawn “JAY-Z” Carter, and Brooklyn Sports & Entertainment President and CEO Brett Yormark, among others.

WHEN: Thursday, March 11, 2010. Ceremony to start at 1:30 PM.

Press setup at 12:30 PM. ONLY OFFICIAL CREDENTIALED PRESS WILL BE PROVIDED ACCESS.

WHERE: Intersection of 5th and Atlantic Avenues, Brooklyn

Comments

  1. "They know I know more about this project than the 'officially credentialed journalists.' They know that I'll likely cover the event in greater detail than afforded in print on on TV."

    Alas, Norman, from their point of view, that exactly why you're a problem...

    ReplyDelete

Post a Comment

Popular posts from this blog

Barclays Center/Levy Restaurants hit with suit charging discrimination on disability, race; supervisors said to use vicious slurs, pursue retaliation

The Daily News has an article today, Barclays Center hit with $5M suit claiming discrimination against disabled, while the New York Post headlined its article Barclays Center sued over taunting disabled employees.

While that's part of the lawsuit, more prominent are claims of racial discrimination and retaliation, with black employees claiming repeated abuse by white supervisors, preferential treatment toward Hispanic colleagues, and retaliation in response to complaints.

Two individual supervisors, for example, are charged with  referring to black employees as “black motherfucker,” “dumb black bitch,” “black monkey,” “piece of shit” and “nigger.”

Two have referred to an employee blind in one eye as “cyclops,” and “the one-eyed guy,” and an employee with a nose disorder as “the nose guy.”

There's been no official response yet though arena spokesman Barry Baum told the Daily News they, but take “allegations of this kind very seriously” and have "a zero tolerance policy for…

Behind the "empty railyards": 40 years of ATURA, Baruch's plan, and the city's diffidence

To supporters of Forest City Ratner's Atlantic Yards project, it's a long-awaited plan for long-overlooked land. "The Atlantic Yards area has been available for any developer in America for over 100 years,” declared Borough President Marty Markowitz at a 5/26/05 City Council hearing.

Charles Gargano, chairman of the Empire State Development Corporation, mused on 11/15/05 to WNYC's Brian Lehrer, “Isn’t it interesting that these railyards have sat for decades and decades and decades, and no one has done a thing about them.” Forest City Ratner spokesman Joe DePlasco, in a 12/19/04 New York Times article ("In a War of Words, One Has the Power to Wound") described the railyards as "an empty scar dividing the community."

But why exactly has the Metropolitan Transportation Authority’s Vanderbilt Yard never been developed? Do public officials have some responsibility?

At a hearing yesterday of the Brooklyn Borough Board Atlantic Yards Committee, Kate Suisma…

Barclays Center event June 11 to protest plans to expand Israeli draft; questions about logistics

At right is a photo of a poster spotted in Hasidic Williamsburg right. Clearly there's an event scheduled at the Barclays Center aimed at the Haredi Jewish community (strict Orthodox Jews who reject secular culture), but the lack of English text makes it cryptic.

The website Matzav.com explains, Protest Against Israeli Draft of Bnei Yeshiva Rescheduled for Barclays Center:
A large asifa to protest the drafting of bnei yeshiva in Eretz Yisroel into the Israeli army that had been set to take place this month will instead be held on Sunday, 17 Sivan/June 11, at the Barclays Center in Downtown Brooklyn, NY. So attendees at a big gathering will protest an apparent change of policy that will make it much more difficult for traditional Orthodox Jewish students--both Hasidic (who follow a rebbe) and non-Hasidic (who don't)--to get deferments from the draft. Comments on the Yeshiva World website explain some of the debate.

The logistical questions

What's unclear is how large the ev…

Atlanta's Atlantic Yards moves ahead

First mentioned in April, the Atlantic Yards project in Atlanta is moving ahead--and has the potential to nudge Atlantic Yards in Brooklyn further down in Google searches.

According to a 5/30/17 press release, Hines and Invesco Real Estate Announce T3 West Midtown and Atlantic Yards:
Hines, the international real estate firm, and Invesco Real Estate, a global real estate investment manager, today announced a joint venture on behalf of one of Invesco Real Estate’s institutional clients to develop two progressive office projects in Atlanta totalling 700,000 square feet. T3 West Midtown will be a 200,000-square-foot heavy timber office development and Atlantic Yards will consist of 500,000 square feet of progressive office space in two buildings. Both projects are located on sites within Atlantic Station in the flourishing Midtown submarket.
Hines will work with Hartshorne Plunkard Architecture (HPA) as the design architect for both T3 West Midtown and Atlantic Yards. DLR Group will be t…

Not quite the pattern: Greenland selling development sites, not completed condos

Real Estate Weekly, reporting on trends in Chinese investment in New York City, on 11/18/15 quoted Jim Costello, a senior vice president at research firm Real Capital Analytics:
“They’re typically building high-end condos, build it and sell it. Capital return is in a few years. That’s something that is ingrained in the companies that have been coming here because that’s how they’ve grown in the last 35 years. It’s always been a development game for them. So they’re just repeating their business model here,” he said. When I read that last November, I didn't think it necessarily applied to Atlantic Yards/Pacific Park, now 70% owned (outside of the Barclays Center and B2 modular apartment tower), by the Greenland Group, owned significantly by the Shanghai government.
A majority of the buildings will be rentals, some 100% market, some 100% affordable, and several--the last several built--are supposed to be 50% market/50% subsidized. (See tentative timetable below.)

Selling development …

Forest City acknowledges unspecified delays in Pacific Park, cites $300 million "impairment" in project value; what about affordable housing pledge?

Updated Monday Nov. 7 am: Note follow-up coverage of stock price drop and investor conference call and pending questions.

Pacific Park Brooklyn is seriously delayed, Forest City Realty Trust said yesterday in a news release, which further acknowledged that the project has caused a $300 million impairment, or write-down of the asset, as the expected revenues no longer exceed the carrying cost.

The Cleveland-based developer, parent of Brooklyn-based Forest City Ratner, which is a 30% investor in Pacific Park along with 70% partner/overseer Greenland USA, blamed the "significant impairment" on an oversupply of market-rate apartments, the uncertain fate of the 421-a tax break, and a continued increase in construction costs.

While the delay essentially confirms the obvious, given that two major buildings have not launched despite plans to do so, it raises significant questions about the future of the project, including:
if market-rate construction is delayed, will the affordable h…

"There is no alternative": DM Glen on de Blasio's affordable housing strategy

As I've written, Mayor Bill de Blasio sure knows how to steer and spin coverage of his affordable housing initiatives.

Indeed, his latest announcement, claiming significant progress, came with a pre-press release op-ed in the New York Daily News and then a friendly photo-op press conference with an understandably grateful--and very lucky--winner of an affordable housing lottery.

To me, though, the most significant quote came from Deputy Mayor Alicia Glen, who, as the Wall Street Journal reported:
said public housing had been “starved” of federal support for years now, leaving the city with fewer ways of creating affordable housing. “Are we relying too heavily on the private sector?” she said. “There is no alternative.” Though Glen was using what she surely sees as a common-sense phrase, it recalls the slogan of a politician with whom I doubt de Blasio identifies: former British Prime Minister Margaret Thatcher, a Conservative who believed in free markets.

It suggests the limits to …