A 2005 media event promised more affordability than what’s been produced. The next mayor may face tough decisions, as 876 more income-linked units must be built in four years.
Industry City’s ‘Plan for 20,000 Jobs’ included jobs that already exist, jobs that it expected tenant companies to generate, and jobs that murky projections said would be spurred off site.
From the Amazon MOU to the BAM site, alluring menus of public benefits are often dangled as the payoff for large subsidies and lucrative development rights. The project formerly known as Atlantic Yards demonstrates that the devil is in the delivery.
Part 1 in our series on the Democratic candidates for attorney general looks at Leecia Eve. Daughter of a prominent pol, and a one-time aide to Biden, Clinton and Cuomo, she is making her second run at her own elected office.
The emails show a developer scripting quotes from a grateful new tenant; a mayoral aide transforming a corporate press release into a governmental statement; and a lack of support from affordable housing advocates who once strongly backed a Brooklyn megaproject.
To sell 550 Vanderbilt luxury condos, they’d piggyback onto affordable building well down the block.
A close look at those who applied for spots in one Pacific Park building reveals a vast gap between which income groups expressed need and what income levels the apartments were pegged to.
The EB-5 program, which one New York real estate banker likened to “legalized crack cocaine,” demands reform. But it looks the Trump administration might expand rather than curtail it.
Developers of the area formerly known as Atlantic Yards have offered few specifics about their plans for Site 5, which could involve a soaring tower and residential space that might alter the timing of the promised delivery of affordable housing units.
Could a ‘model’ Central Business District have been created by building luxury housing? Only if we listen to the Downtown Brooklyn Partnership.