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| Re: Development plans for Sheepshead Bay station plaza (789528) | |||
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Re: Development plans for Sheepshead Bay station plaza |
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Posted by trainsarefun on Tue May 26 00:35:41 2009, in response to Re: Development plans for Sheepshead Bay station plaza, posted by Easy on Tue May 26 00:21:33 2009. What's the status of Atlantic Yards?Forest City Ratner recently won in a takings clause challenge filed by holdouts in the appellate court; opponents vow an appeal. But this may yet open the door to financing. But the big story is financing. Financing gets a lot more expensive if they can't do it this year. Meanwhile shares of the company are falling, and plans for one of the residential towers were withdrawn. The politicians - Bloomberg, Yassky, DeBlasio, etc. - are now almost all opposed to the project, and in a way the vultures are circling, so to speak. But if they can float the tax free bonds this year, I think that will resurrect the project, even if it's trimmed down somewhat. |
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