Thursday, January 22, 2009

Ratner trying to renege on deal

Aerial photo by Jonathan Barkey

From the NY Post:

Brooklyn's Atlantic Yards project is in such financial upheaval that the developer is now trying to cut back on much-needed transit improvements, which he promised in exchange for approval for the controversial $4 billion project, The Post has learned.

Sources said Bruce Ratner is in talks with the cash-strapped Metropolitan Transportation Authority about cutting costs on a revamp and move of the Long Island Rail Road's Vanderbilt Rail Yard, which he agreed to purchase three years ago for $100 million.

The news has Atlantic Yards opponents seething because Ratner wasn't the highest bidder for the 8.3-acre rail yard site, but the MTA agreed to sell it to the developer anyway, allowing him to move forward with his now crumbling 22-acre plan to build an NBA arena and 16 office and residential towers in Prospect Heights.

5 comments:

Anonymous said...

Terminate Bruce "the rat" Ratner's
ownership of the Atlantic Yards property.

I'm no lawyer but doesn't his action constitute breaking a contract?

A-hem-m-m-m...
and speaking of similar public rip-offs...what's up with the Willets Point boondoggle and fat old decrepit "granny" Shulman's $$$$$ interests therein?

Anonymous said...

Hahaha the iceholes are all puling each other pull chain's right down the sewer !!

Obama Nation wont give those ZOG turds a squat after what they did to those people with illegel E Domaine abuse

How long before the fat rats all gang up and blaim it on Mayor.

Partys Over --ALL TOAST SOON !!!!!

kane said...

To try to shortchange the MTA like that in these economic times (and while the MTA is arguing for fare hikes) is absolutely unacceptable.

Anonymous said...

This is a cluster F**K situation. He should be held liable for his promises and fined 25% of the overall project value and pay restitution to those who already moved or forced out already.

Anonymous said...

This is a cluster F**K situation. He should be held liable for his promises and fined 25% of the overall project value and pay restitution to those who already moved or forced out already.

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I call upon the preservation community after all their programs on how to live with stuff like this to at least echo this.