The Real Estate

Reactions All Around: Statements on Atlantic Yards Decision


We’ve put together a compilation of statements and press releases on this afternoon’s Atlantic Yards court decision, which clears a potentially major hurdle for the $4 billion development:


From Atlantic Yards critics Develop Don’t Destroy Brooklyn, a plaintiff group in the dismissed lawsuit:

NY State Supreme Court Rules for ESDC in Atlantic Yards Lawsuit

 

Project Cannot Move Forward While

Federal Eminent Domain Case Is Pending

 

Community Plaintiffs Plan Appeal

 

NEW YORK, NY — New York State Supreme Court Judge Joan Madden has ruled against 26 community groups led by Develop Don’t Destroy Brooklyn (DDDB) in their challenge to the Empire State Development Corporation’s (ESDC) environmental review and approval of Forest City Ratner’s Atlantic Yards project.

 

"We believe that the decision was wrongly decided and we are determined to appeal and win," said Jeffrey S. Baker ( Young, Sommer,Ward, Ritzenberg, Baker & Moore) lead attorney for the community plaintiffs.

 

“We are disappointed by the court’s ruling. But let’s be clear: Atlantic Yards cannot move forward while the thirteen plaintiffs—homeowners, business owners and tenants—are in federal court in a separate case challenging New York State’s unconstitutional use of eminent domain. We expect to prevail in that lawsuit, as well as on the appeal of today’s decision,” said DDDB spokesman Daniel Goldstein.

 

“The concerns raised by the lawsuit still remain. And our elected leaders who understand those concerns, must gird themselves to bring more pressure to bear on Governor Spitzer, now that we’ve had this legal decision,” said DDDB legal Director Candace Carponter. “With the project in financial jeopardy and the real estate market treading in such troubled waters, and with a pending eminent domain lawsuit, it is time to rethink the Atlantic Yards project. It is time for the Bloomberg and Spitzer administrations to come back to the community and work to implement a development plan that can work, rather than one that is floundering and faces overwhelming community opposition. As Deputy Mayor Dan Doctoroff recently said, this project should come under local review, not state review.”

 

From project developers Forest City Ratner:

 

FOREST CITY RATNER STATEMENT ON STATE SUPREME COURT RULING ON ATLANTIC YARDS PUBLIC APPROVALS

 

Brooklyn, NY – January 11, 2008 – Bruce Ratner, CEO and Chairman of Forest City Ratner Companies, issued the following statement today regarding the State Supreme Court ruling on a lawsuit brought by opponents of the Atlantic Yards challenging the public approvals of the project.

 

“We are very pleased with Judge Madden’s decision, as it further clears the way for Atlantic Yards and the thousands of jobs, affordable housing units and world-class arena - the Barclays Center – that will accompany the project,” Mr. Ratner said. “After an exhaustive three-year review process, we are continuing to move full speed ahead on the project, and today’s decision is a significant step forward.”

 

From Brooklyn Borough President Marty Markowitz, who pushed for the project’s approval:

 

BP MARKOWITZ STATEMENT ON STATE SUPREME COURT RULING ON ATLANTIC YARDS

“Score a big victory for Brooklyn’s future. This latest court decision from State Supreme Court Justice Madden, which comes on the heels of a similar ruling by the Federal District Court last summer, reaffirms the public benefits of the Atlantic Yards project for Brooklyn thousands of units of affordable housing, thousands of union jobs, and our much-anticipated return to sports’ major leagues. The project’s world-class architecture, on-site school, street-level shopping, and accessible public open space will enhance Downtown Brooklyn, knitting together surrounding neighborhoods to create a vibrant cultural center over Brooklyn’s largest public transportation hub.

Now, as we move to the implementation stage, we must ensure that impacts are minimized and any meritorious concerns of residents are addressed. With these goals in mind, let’s get the shovels on the ground, let’s get this affordable housing built, and let’s get ready to root for the Brooklyn Nets, our new home team!”

 

From New York’s Empire State Development Corporation, which is administering the project.

 

“For the fourth time, a court has affirmed the state’s actions in the Atlantic Yards project. We are very pleased with Justice Madden’s decision and look forward to construction of the arena, housing and other facets of this important, transformative development project.”

 

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Comments
Post a comment

Anonymous (not verified) says:

It never fails to amaze me that Marty & Bloomberg continue to promote this failure of transparent government, democratic principals and common sense. But I guess I shouldn't underestimate the effects of corrupt dealings.

My bet is on the community groups stopping the yards dead in its tracks. Time and the credit issues will greatly reduce the ability of Ratner to build. That and his buddies won't be around forever.

Anonymous (not verified) says:

interesting.

Anonymous (not verified) says:

the fat cats get fatter

Anonymous (not verified) says:

The biggest joke is who the arena's corporate sponsor is - friggin' BARCLAY'S Bank ! ! ! This British based bank is as far culturally from the true Brooklyn Dodger spirit that piggy Markowitz used to pawn off this project, as A is to Z.

So this great return of Brooklyn professional sports will have an arena named after a London based bank.

How pathetic.

I wonder how much gold bullion they deposited into Markowitz' offshore account to push this crap to the public?

Then again, with a CHUMP like him, they probably only paid that fat yenta off in dollars.

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