The Real Estate

Atlantic Yards Critics Call for 'Time-Out' While Newark Vies to Keep the Nets

FCR

Elected officials are pushing to halt work on Brooklyn’s $4 billion-plus Atlantic Yards development in order to re-examine the project, given the new governor and delays caused by the slow economy.

A rally is scheduled for Saturday.

In a group of electeds that seems a bit larger than usual, those slated to attend (according to Develop Don’t Destroy Brooklyn) include: Councilman Bill DeBlasio, Assemblywoman Joan Millman, Assemblyman Hakeem Jeffries, Councilwoman Letitia James, Councilman David Yassky, and Councilman Tony Avella.

Also of note, The Real Deal put an article on its site Friday evening that reported on an effort by Newark-based officials and investors to woo the Nets to the newly-built Prudential Center arena. Newark has never been too happy about losing the Nets to Brooklyn, and a second professional team in the arena could clearly help its financial viability. With that said, Forest City stressed in the article that they are committed to bringing the Nets to Brooklyn.

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