Some Atlantic Yards Condos Will Now Be Rentals
ATLANTIC YARDS
BROOKLYN COMMUNITY DISTRICT 02 BROOKLYN COMMUNITY DISTRICT 06
BROOKLYN COMMUNITY DISTRICT 08
BROOKLYN COMMUNITY DISTRICT 02 BROOKLYN COMMUNITY DISTRICT 06
BROOKLYN COMMUNITY DISTRICT 08
December 23, 2008
New York Daily News
Atlantic Yards developer Forest City Ratner has decided to delay building 900 condominiums. Citing the failing economy as cause of the delay, the developer will instead focus on creating 900 rental units in three towers. The shift has raised questions as to the status of the project's planned 1,950 condominiums. Assemblyman Hakeem Jeffries said that he views the delay as an opportunity to focus on affordable housing. Councilman David Yassky said that he believes that Atlantic Yards will not go forward and that taxpayer money designated for it should be returned.

