Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Atlantic Yards Developer Rushes to Reassure Investors
By
John Del Signore
Published Apr 3, 2008
Modified Apr 3, 2008
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
John Del Signore
Published Apr 3, 2008
Modified Apr 3, 2008
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
During a conference call with investors yesterday, Forest City Enterprises CEO Charles Ratner acknowledged that a window of opportunity had all but closed for the ambitious, 22-acre housing, retail and stadium project proposed for Brooklyn. But he also insisted that the delay – brought on by recession and dogged opposition from community groups – was just temporary:
The economy sometimes alters the timeline, but we have demonstrated our ability to see these projects through to completion—the value they create is well worth the time and effort. … Real estate is a long-term business. It’s a marathon, not a sprint.
Developer Bruce Ratner has recently admitted that the project would have to be scaled back or constructed in stages, with less space dedicated to low-income housing. His group is determined to start construction on the stadium, though part of the stadium’s footprint is still occupied by property owners who are fighting the eminent domain seizure of their land.
Thirty-five of the original 334 residents at the proposed site remain and, after an appeals court rejected a lawsuit brought by 11 property owners, the residents want to take their case to the Supreme Court. The plaintiffs argue their eviction would violate the Constitution because it would primarily benefit the developer, not the public.The Supreme Court is expected to decide in June whether to hear the case.
Photo taken on Carlton Avenue near Dean Street by threecee.
Tagged
Atlantic Yards
brooklyn
brooklyn museum
Bruce Ratner
construction
development
nets
prospect heights
protest
stadium
John Del Signore
Originally from the Albany area, John Del Signore has called NYC home since 1995. In addition to his thousands of meticulously-crafted bespoke blog posts for Gothamist, his writing has also been published in The Awl, Deadspin, The Nervous Breakdown, and performed at The Brick Theater in Brooklyn.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
How NYC voters could determine outcome of race for governor
The Democratic governor got a startling lesson four years ago in the importance of turnout in New York City.
By
Jon Campbell
Published Oct 29, 2026 at 11:00 a.m. ET
Early Addition: Is the Cheesecake Factory vs. the Amtrak buttercake our new culture war?
Because they're raving about the little cake you can only get in first class on select trains, here are your early links: Hunting for Bigfoot is big in New Jersey, the East Village got a kitschy wedding chapel, "Slime Square-42 St," and more.
By
James Ramsay
News
Early Addition: Is the Cheesecake Factory vs. the Amtrak buttercake our new culture war?
Because they're raving about the little cake you can only get in first class on select trains, here are your early links: Hunting for Bigfoot is big in New Jersey, the East Village got a kitschy wedding chapel, "Slime Square-42 St," and more.
By
James Ramsay
Brooklyn woman hit and killed by garbage truck at Bay Parkway, NYPD says
By
Ryan Kost
NY's housing crisis is on the ballot. Here's what the candidates say they'll do about it.
By
David Brand
Brooklyn's Ocean Parkway is a haven for reckless driving. Mamdani isn't allowed to fix it.
By
Stephen Nessen
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .