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| What is the construction at Atlantic Yard about? (1478045) | |
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| (1478045) | |
What is the construction at Atlantic Yard about? |
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Posted by geoffc on Tue Jun 12 10:16:17 2018 I have been biking by the Atlantic Yard (over Vanderbilt as it crosses Atlantic Ave) and was trying to figure out what they are building?At least they seem to be redoing the retaining walls, but what else? |
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Re: What is the construction at Atlantic Yard about? |
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Posted by Lou from Brooklyn on Tue Jun 12 12:16:02 2018, in response to What is the construction at Atlantic Yard about?, posted by geoffc on Tue Jun 12 10:16:17 2018. Air rights sold for more condos I assume. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by LA Scott on Tue Jun 12 12:16:31 2018, in response to What is the construction at Atlantic Yard about?, posted by geoffc on Tue Jun 12 10:16:17 2018. There will eventually be a platform over the rail yard with apartment towers on top.There is also a new portal at the West end of the yard to allow direct access to the Terminal without requiring a reverse move. Atlantic Yards Report has some detailed information, mixed in with a lot of political commentary. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by Elkeeper on Tue Jun 12 13:34:54 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by LA Scott on Tue Jun 12 12:16:31 2018. The money for this project gets paid to whom- The LIRR, the MTA, ??? |
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Re: What is the construction at Atlantic Yard about? |
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Posted by LA Scott on Tue Jun 12 13:55:50 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by Elkeeper on Tue Jun 12 13:34:54 2018. The MTA gets $100 million (some upfront, some over time).The LIRR gets a rebuilt yard and a new direct connection from yard to terminal. NYCT got a new subway entrance. There are also payments for the subway station naming rights - I think to the MTA The city and state both paid and got payments and benefits from the overall project. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by Elkeeper on Tue Jun 12 14:06:01 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by LA Scott on Tue Jun 12 13:55:50 2018. The reason I asked was that I thought that the MTA was only the operator of the LIRR, not the owner- like the NYC Transit Authority still owns the subways. |
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| (1478064) | |
Re: What is the construction at Atlantic Yard about? |
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Posted by LA Scott on Tue Jun 12 14:18:30 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by Elkeeper on Tue Jun 12 14:06:01 2018. LIRR, MNR, SIRTOA, and MTA Bus Company are all subsidiaries of the MTA.NYCTA and TBTA are affiliates. |
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| (1478066) | |
Re: What is the construction at Atlantic Yard about? |
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Posted by IRTRedbirdR33 on Tue Jun 12 14:40:35 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by LA Scott on Tue Jun 12 14:18:30 2018. Scott: That's a very astute observation and entirely correct. Larry, RedbirdR33 |
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Re: What is the construction at Atlantic Yard about? |
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Posted by randyo on Tue Jun 12 15:21:37 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by Lou from Brooklyn on Tue Jun 12 12:16:02 2018. The way things are going, it wouldn’t surprise me if the open cut portions of the Brighton and Sea Beach lines aren't covered over and used for some sort of construction either residential or commercial. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by geoffc on Tue Jun 12 19:30:44 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by randyo on Tue Jun 12 15:21:37 2018. That would make some reasonable sense, considering how the density is going up and up around the lines. |
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| (1478088) | |
Re: What is the construction at Atlantic Yard about? |
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Posted by Edwards! on Tue Jun 12 19:52:20 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by Elkeeper on Tue Jun 12 14:06:01 2018. New York owns the LIRR...NYC owns the subway and bus system,while the NYCT operates under long term lease. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by N6 Limited on Tue Jun 12 20:23:32 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by geoffc on Tue Jun 12 19:30:44 2018. What about the backyards facing the lines? The owners would probably block something like that, no? |
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Re: What is the construction at Atlantic Yard about? |
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Posted by SLRT on Tue Jun 12 21:00:44 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by N6 Limited on Tue Jun 12 20:23:32 2018. Yes. |
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| (1478098) | |
Re: What is the construction at Atlantic Yard about? |
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Posted by Mitch45 on Tue Jun 12 21:45:56 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by LA Scott on Tue Jun 12 12:16:31 2018. Holy mother of pearl. There will be construction traffic at that location for years to come, perhaps decades. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by Dyre Dan on Wed Jun 13 01:41:03 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by LA Scott on Tue Jun 12 14:18:30 2018. Yes. But is there any practical meaning to that distinction in nomenclature? Or is it a distinction without a difference?Anyway, doesn't the City of New York still technically own the subway infrastructure? If so, exactly what does that consist of? The tunnels and the ironwork of the els? The MTA (or NYCTA) purchases the cars, yes? And the rails and the signals? So what remains for the City to own? |
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| (1478156) | |
Re: What is the construction at Atlantic Yard about? |
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Posted by LA Scott on Wed Jun 13 14:03:03 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by Dyre Dan on Wed Jun 13 01:41:03 2018. The practical meaning is that the subsidiaries are 100% owned by the MTA, and have effectively no legal identify outside of the MTA.They are all governed by the same New York laws. The MTA can create new subsidiaries, dissolve existing ones, and transfer assets with minimal legal requirements. The affiliates are legally connected to the MTA, but are not owned by the MTA and have a clear legal identify outside of the MTA. T NYCT and TBTA each have separate sets of laws that govern them outside of the overall MTA laws. The MTA cannot transfer assets to and from the affiliates outside of strictly controlled processes. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by pragmatist on Wed Jun 13 14:16:55 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by LA Scott on Tue Jun 12 14:18:30 2018. The subtle differences mean a great deal when it comes to things likeFederal funding formulas for different types of purposes. A common example has been bus purchases for TA/OA vs BC. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by randyo on Wed Jun 13 15:51:21 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by SLRT on Tue Jun 12 21:00:44 2018. Maybe not since only the area directly over NYCTS property would be used and the homeowners would have no rights to it. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by randyo on Wed Jun 13 16:20:25 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by LA Scott on Wed Jun 13 14:03:03 2018. What is interesting about SIRTOA is that while it is a subsidiary of the MTA, most of its management are employees of the MTA affiliate the NYCTA. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by italianstallion on Wed Jun 13 17:35:03 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by randyo on Wed Jun 13 16:20:25 2018. That sort of thing is common in most large corporations. The actual ownership structure of subsidiaries and affiliates is rarely related to how the parent company actually manages each of its owned companies. |
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Re: What is the construction at Atlantic Yard about? |
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Posted by LA Scott on Fri Jun 15 09:32:12 2018, in response to Re: What is the construction at Atlantic Yard about?, posted by Mitch45 on Tue Jun 12 21:45:56 2018. When I moved to NYC in the spring of 2010, the construction was just starting.Realistically, it will probably be another 15 years before it is done, meaning close to 25 years of construction. The good news is that with only a few buildings being built at a time, the construction traffic is manageable. |
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