Found July 27, 2009 on Field of Schemes:
Playing catchup a bit here, but if you're interested in how last Wednesday night's public meeting on the New Jersey Nets' proposed Brooklyn Atlantic Yards project went, there's a long recap on the New York Times' Fort Greene blog, and an even longer recap at Atlantic Yards report (includes verbatim heckling transcripts!). Among the highlights, from the Times: Many audience members wanted to know: Could this mean Atlantic Yards might join the ghostly construction graveyard in Brooklyn of partly completed residential buildings that lost financing when the marketâ??s bottom dropped out? â??What guarantees Phase II will be built at all?â? read Mr. Hammerman on behalf of a questioner. â??Thereâ??s one plan,â? said Mr. Matlin, the development corporationâ??s senior counsel. â??For Forest City to receive a return on its investment, the only way they can do that is to build out the project plan. Theyâ??ve made a huge investment on this project and the only way they ...
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