Atlantic Yards CDC agenda: Executive Session should include details of developers' subsidy request. Routine budget approval invites scrutiny of annual spending.
Sometime in the last day, with barely enough time to post public comment by today's deadline of 3 pm , Empire State Development (ESD), the state authority that oversees/shepherds Atlantic Yards, released the agenda for tomorrow's meeting of the purportedly advisory Atlantic Yards Community Development Corporation (AY CDC). The directors will get an oral report on the Draft Community Engagement Report, regarding public input on the future of the project, that was issued a few days ago. My critique is here: Draft Community Engagement Report Backs (!?) Developers' Aim to Downplay Low-Income Housing . Executive session Also of note, the directors will go into executive session regarding "Negotiations with the Project Developer Regarding Memorandum of Understanding and Development of Property/Project." The presumably involves the developer's desire for $350 million in subsidies for the platform (as I reported ), its announced request for 1.6 million in additiona...