Although Forest City Ratner, developer of the $4-billion Atlantic Yards project tells GlobeSt.com that they have no formal comment at this time as far as a response to this particular petition, they did note that the company has won 18 consecutive court decisions." A spokesperson tells GlobeSt.com that "when we started we owned 0% of the condos and co-ops and 35% of the rental units. Currently we own 89% of the land needed to complete the project, including 93% of the condos and co-ops--64 of 69--81% of the rental units--83 of 102."
The spokesperson also tells GlobeSt.com that "they have filed and lost this case in the federal court and the federal appeals." At the time the case was dismissed by the US Court of Appeals, FCRC issued a statement saying that the decision was more than another victory for Atlantic Yards. "It is a victory for public good and the importance of investing in diverse communities throughout the City," said Bruce Ratner, CEO and chairman of FCRC at the time. "Atlantic Yards will bring thousands of affordable homes and needed jobs to Brooklyn. We believe, and the courts have repeatedly agreed, that these are real benefits that will have a significantly positive impact on the borough and the City."
Two weeks before that Feb. 1 ruling, the NY State Supreme Court ruled against opposition in a case involving environmental review procedures. According to a DDDB statement, given the mammoth scale and footprint of the project, Atlantic Yards is dependent on the use of eminent domain; it cannot be built unless Ratner succeeds in wresting the properties from the plaintiffs.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
