Search
 

PACB Agrees on Atlantic Yards Project

BROOKLYN, NY-After much public debate, the PACB agrees to Forest City Ratner's plan for the $4-billion Atlantic Yards project.

By Katie Hinderer | Updated on December 20, 2006

BROOKLYN, NY-After receiving preliminary approval from the Empire State Development Corp. last week, the $4-billion Atlantic Yards project went before the Public Authorities Control Board Wednesday and received its blessing.

The board, composed of Gov. George Pataki, Assembly Speaker Sheldon Silver and Senate Majority Leader Joseph Bruno, has been unable to agree on other huge projects in the past, like Moynihan Station.

“I am gratified to have been joined by Majority Leader Bruno and Speaker Silver in supporting this important and exciting project,” says Pataki in a statement after the vote. “I look forward to seeing Bruce Ratner and Frank Gehry’s grand vision turned into reality and to eating a hot dog as I watch the Brooklyn Nets play in Brooklyn’s new arena in the 2009-2010 season.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.