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New Suit Could Sidetrack Atlantic Yards

NEW YORK CITY-Opponents of the Brooklyn mega-project are suing yet again; the Empire State Development Corp. says it doesn't think the suit will delay progress.

By Cody Lyon | Updated on October 20, 2009

NEW YORK CITY-Opponents of Brooklyn’s planned Atlantic Yards project say their plan has never been to delay the Forest City Ratner Cos. development. Instead, they say the idea is to stop it.

At least that’s what petitioning lead attorney Jeffrey Baker tells GlobeSt.com about this fourth of a series of pending lawsuits facing Empire State Development Corp., the quasi-governmental agency, and FCRC, developer of the 22-acre downtown Brooklyn site that includes a large sports arena meant to house the NBA’s Nets, currently based in New Jersey. This latest legal volley was filed Monday in New York State Supreme Court in Manhattan.

But, by holding things up in court, the group may put the brakes on the project, since there’s a Dec. 31 groundbreaking deadline for Forest City Ratner to obtain tax-exempt bond status and its $400-million branding deal with Barclays Bank on the new arena, Barclays Center. The arena has been touted as the potential new home for the Nets; the team has a deal with Russian billionaire Mikhail D. Prokhorov, who will own 80% of the team contingent upon the Nets’ possible move to Brooklyn.

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