Latest (non-) Construction Update: nothing to report, so alerts now monthly. Shouldn't ESD discuss the requested financial analysis & pending foreclosure sale?
As with the Update two weeks earlier, there's nothing new to report. There are no construction activities planned for the platform needed for construction over the railyard. Each of two platform blocks would support three towers.
The ESD stated in the cover email:Please be advised that construction alert emails will be moved to monthly alerts until there is a change in construction activity. Biweekly construction alerts will continue to update on the Atlantic Yards website.What about the project's future?
Big questions about the project's future loom. As I reported, while the advisory Atlantic Yards Community Development Corporation on Aug. 2 requested that the parent ESD prepare, by Oct. 3. a financial analysis of Pacific Park's future, an ESD rep said the report was still in process.
The timing--as well as the state authority's capacity to do this in a timely fashion--remains a mystery.
That report was requested in light of ESD's inchoate plans for public engagement and a potential tax break deal to get Pacific Park towers started.Since then, we've learned of a scheduled Jan. 11, 2024 foreclosure sale of the six development sites over the railyard. That would be a seismic change in the project.
But no bidder would proceed--I believe--without knowing the obligations, including construction of the platform and delivering affordable housing, that would accompany a purchase.
So while ESD has nothing to say in the Construction Updates, it should have a lot to say to the public.
The AY CDC, for example, is supposed to meet quarterly, and there were previously bi-month Quality of Life meetings. In both cases, the schedule has slacked.
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