Last April, Laura Barrett, the National Campaign Director for the grassroots network Gamaliel and Transportation Equity Network , wrote 6 Reasons to Be Wary of Public-Private Partnerships for Rooflines, the blog of the National Housing Institute , which also publishes Shelterforce. The latter was the site for some fierce debate about the Atlantic Yards project, with Shelterforce's writer, John Atlas, defending the deal struck by ACORN, and later writing a book about ACORN with an Atlantic Yards chapter. So it's interesting to note that public-private partnerships, praised by President Obama, have, according to Barrett, a mixed record, as "political cronyism and financial desperation have contributed to these six troubling trends." Let's see how much the trends she identified apply to Atlantic Yards: Little or no democratic oversight : Yes, Atlantic Yards is run by a state agency accountable only to the governor, and that agency currently has one employ
This watchdog blog, by journalist Norman Oder, concerns the $6B project to build the Barclays Center arena & 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 USA bought a 70% stake going forward. In 2018, once the arena & four towers were built, Greenland bought out most of Forest City's stake, then sold three leases to other companies.