To some, it seemed like a good idea, an effort to take responsibility for the effects of Brooklyn’s biggest audience magnet. To others, it looked like overreach.For more, see the article...
Now, plans for a business improvement district (BID) for a zone around the Barclays Center, the Atlantic Center and Atlantic Terminal malls, and Brooklyn Academy of Music cultural district have been aborted without public discussion.
The reason? Organizers couldn’t figure how to spread the burden fairly on property owners, according to a letter sent yesterday to the BID steering committee and later passed on to this reporter.
This watchdog blog, by journalist Norman Oder, offers analysis, commentary, and reportage about the $4.9B project to build the Barclays Center arena and 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland Group bought a 70% stake going forward. As of 2018, after the arena and four towers were built, Greenland will own 95% of future construction.