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Atlantic Yards won’t be derailed

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Atlantic Yards won’t be derailed

| architecture, buildings | June 24, 2009

Despite foes, watered-down project likely to proceed.

A Yards

Forest City Ratner’s long-delayed, dramatically altered Atlantic Yards project faces two key votes this week on its latest changes. Critics say the modifications will dilute—or erase—the plan’s pledged public benefits. 

On Tuesday, the Empire State Development Corp. board is expected to weigh in on a timetable that would put the completion date for the $4 billion, 22-acre project far past the original 2014 target. The Metropolitan Transportation Authority will probably vote the next day on a proposal allowing Forest City to delay delivery of a $100 million lump-sum payment to the MTA for development rights, and possibly reduce the payment amount.

Full article via Crains New York Business

About the author

Drawing upon original ideas and extensive personal and professional experience in the field, David McFadden crafted this article to explore the latest trends in the fields of architecture and building design. After working at various design practices—both full-time and freelance—and launching his design firm, David identified a significant gap in the industry. In 1984, he founded Consulting For Architects Inc. Careers, an expansive hub designed to align architects with hiring firms for mutual benefit. This platform enables architects to find impactful design work and frees hiring firms from the time-consuming cycles of recruitment and layoffs. David’s innovative approach to employer-employee relations has brought much-needed flexibility and adaptation to the industry. As the Founder and CEO, David has successfully guided his clients and staff through the challenges of four recessions—the early ’80s, early ’90s, early 2000s, the Great Recession, the pandemic, and the current slowdown due to inflation and high-interest rates.

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