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Atlantic Yards Project Falling Apart, Gehry Fires Staff
By
John Del Signore
Published Dec 17, 2008
Modified Dec 17, 2008
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By
John Del Signore
Published Dec 17, 2008
Modified Dec 17, 2008
Share
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Late last month, architect Frank Gehry dismissed more than two dozen staffers working on designs for the embattled Atlantic Yards project in Brooklyn, the Wall Street Journal reports. The terminations came despite the fact that most of the proposed $4.2 billion project—which would include a Nets basketball arena, office towers and thousands of apartments—has not been designed, as Develop Don't Destroy points out. Both Gehry Partners LLP and Forest City Ratner, the company behind the project, declined to comment. But earlier this month Forest City abruptly stopped work at the site, and they don't even have the $100 million to buy the Vanderbilt Rail Yard from the MTA. In a thorough article in this week's Observer, the venture is viewed as being on the verge of "collapse," and Bruce Ratner "seems to be rushing to patch a leaky dam." Ratner may clear the last of his legal hurdles next year, but it's unclear if he'll have the financing to move forward in this current economy.
Tagged
Atlantic Yards
barclay's arena
delay
Dennis Kucinich
economy
HALT
lawsuit
nets
new Yankee Stadium
project
ratner
recession
ruling
state court
tax-exempt bonds
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.
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Gothamist is funded by sponsors and member donations
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