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    Search results for "Prospect Heights, Brooklyn"

    Supplemental environmental review of Atlantic Yards ordered

    Court Decisions  •  Empire State Development Corp.  •  Prospect Heights, Brooklyn

    Atlantic Yards development site along Atlantic Avenue.

    Court found ESDC’s environmental analysis insufficient due to change in Atlantic Yards project, but refused to halt project. In 2006, the Empire State Development Corporation approved the general project plan for Forest City Ratner Companies’ Atlantic Yards project in Brooklyn. The $4 billion project includes a sports arena and sixteen high-rise buildings. Ratner agreed to purchase air rights from the Metropolitan Transportation Authority at the beginning of the project in order to facilitate the development of six of the buildings. The project’s environmental review assumed a ten-year build-out for the project and a completion date of 2016.

    In June 2009, Ratner and the MTA renegotiated the terms of their agreement to permit Ratner to acquire the air rights over a fifteen-year period extending to 2030. In September 2009, ESDC adopted the project’s modified general project plan, but continued to assume a ten-year build-out with an estimated project completion date of 2019. As such, ESDC concluded that no additional environmental review was required.

    Two community groups, Develop Don’t Destroy Brooklyn and the Prospect Heights Neighborhood Development Council, filed a petition claiming that ESDC ignored the impacts of the renegotiated MTA agreement on the project’s time frame for construction (more…)

    Tags : Atlantic Yards, Empire State Development Corporation, Forest City Ratner, MTA
    Date: 05/02/2012
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