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BrooklynTruth uploaded a new video
(5 months ago)
Metropolitan Transportation Authority board member Jeffrey Kay says the ...
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Metropolitan Transportation Authority board member Jeffrey Kay says the MTA's latest bailout of Forest City Ratner's Atlantic Yards project is a "no-lose proposition" because the MTA would retain control over its Vanderbilt rail yard, (which it's selling to FCR at a bargain-basement price), even if the developer "flips the property or decides not to build". Kay, Director of the Mayor's Office of Operations, also says no reappraisal is required because "there is no other market" and no "credible" alternatives are available. Kay joined 9 of his colleagues in approving the sweetheart deal at the MTA board meeting on June 24, 2009. More info: atlanticyardsreport.blogspot.com.
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BrooklynTruth uploaded a new video
(5 months ago)
At a board meeting of the Metropolitan Transportation Authority on June ...
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At a board meeting of the Metropolitan Transportation Authority on June 24, 2009, Daniel Goldstein of Develop Don't Destroy Brooklyn offered the MTA $120 million for development rights over the eight-acre Vanderbilt rail yard, compared with an initial $20 million pledged by Atlantic Yards developer Forest City Ratner and delayed payout over 21 years. DDDB claims its community-driven UNITY Trust plan would deliver true public benefits in a shorter period than would FCR (whose original proposal has largely evaporated), based on competitive bidding by multiple developers. More info: www.dddb.net.
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BrooklynTruth uploaded a new video
(5 months ago)
At a Metropolitan Transportation Authority board meeting on June 24, 200...
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At a Metropolitan Transportation Authority board meeting on June 24, 2009, Candace Carponter, who heads the legal team of Develop Don't Destroy Brooklyn, encourages MTA board members to resist pressure from NYC Mayor Michael Bloomberg and NYS Governor David Paterson to rubber-stamp a land giveaway to Forest City Ratner, developer of the proposed Atlantic Yards project, even if it costs them their jobs. Carponter exhorts members to excercise their fiduciary duty and reject what many consider a bad deal for the MTA. Nonetheless, the board voted 10-2 to approve a new agreement with FCR, which would likely cost the public more money and delivery far fewer benefits than originally promised. More info at www.dddb.net.
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BrooklynTruth uploaded a new video
(5 months ago)
State Assemblyman James Brennan, NY City Council Member Letitia James, a...
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State Assemblyman James Brennan, NY City Council Member Letitia James, and Daniel Serrano, a representative of State Senator Bill Perkins, appeared at a Metropolitan Transportation Authority board meeting on June 24, 2009, at which members voted 10-2 to approve what James called "an outrageous giveaway" of publicly owned land near downtown Brooklyn. The trio demanded that MTA scrap its latest bailout deal with Atlantic Yards developer Forest City, and instead honor its fiduciary duty by reappraising the Vanderbilt rail yard and issuing a new request for proposals from other developers. For more info see: www.atlanticyardsreport.blogspot.com.
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BrooklynTruth uploaded a new video
(5 months ago)
At the Metropolitan Transportation Authority board meeting on June 24, 2...
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At the Metropolitan Transportation Authority board meeting on June 24, 2009, Board Member Mark Page and Chairman H. Dale Hemmerdinger claim MTA's new agreement to sell the air rights over the Vanderbilt rail yard to Atlantic Yards Developer Forest City Ratner is a "public good" resulting from "hard-fought negotiation". Then, at the end of this clip, the board votes 10-2 to approve the sale, despite mounting public opposition against what many consider a "sweetheart deal" involving excessive subsidies for a massive private land grab. For more info visit: http://atlanticya...
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