Battery Park City Authority

The Authority has taken another look at its giving, after remarks by Attorney General Andrew Cuomo.  read more »

The same day ACORN's Bertha Lewis comes out with a defense of Atlantic Yards, the Mayor announces a final plan for the $130 million Housing Trust Fund supported by the Battery Park City Authority. Lewis reiterates that Atlantic Yards will serve moderate- and middle-income folks --60 percent of its affordable rental units will go to families earning more than half of the area median household income--the civil servants and teachers and police officers whom she thinks face the most unaddressed housing shortages.

But the Mayor today indicated that the city had different priorities: the majority of that trust fund--$70 million--is going to "hard to reach populations," including the very poor (those earning less than 30 percent of the median, who will not be served at all by Atlantic Yards), and households with moderate income (earning 60 to 80 percent of the median, who will receive just about 10 percent of the 2,250 affordable units at Atlantic Yards).

-Matthew Schuerman

This summer, Goldman Sachs realized something that much of the rest of the city hasn’t: Four y  read more »

This summer, Goldman Sachs realized something that much of the rest of the city hasn’t: Four years  read more »

The deal for Goldman Sachs to remain in Lower Manhattan is imminent, according to sources close to the negotiations.

While it's been treated as a done deal, the terms of that deal are still a matter of negotiation, and we're waiting to see what comes out of it. Plus, done deals have gone south before. Anyone remember the obscure state agency that killed the stadium?

That's unlikely here, but still ...

The Liberty Development Corporation, an arm of the Empire State Development Coporation, deliberated this morning on the Liberty Bonds that will be used to finance the $1.8 billion tower at West Street and Vesey streets. The Battery Park City Authority, the state agency that owns the land, is discussing the terms of the lease this afternoon and may vote to approve by the end of the day.  read more »

UPDATE: The Battery Park City Authority didn't finish with the lease this evening. They're meeting again at 11:30 tomorrow morning.

- Matthew Schuerman