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Ratner Buying More Land for Uncertain Atlantic Yards Project
By
John Del Signore
Published Apr 1, 2009
Modified Apr 1, 2009
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By
John Del Signore
Published Apr 1, 2009
Modified Apr 1, 2009
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Sure, architect Frank Gehry may be telling the press the embattled $4.2 billion Atlantic Yards project isn't going to happen, but Gehry doesn't speak for developer Bruce Ratner, who continues to double down on his dream to build a Nets basketball arena, office towers and thousands of apartments in Brooklyn. It's come to light that Ratner recently purchased property in the Atlantic Yards footprint for the first time in two years, paying $3 million for the 10,000-square-foot NYC headquarters of the United Union of Roofers, Waterproofers and Allied Workers on Dean Street. With AY construction currently stalled, it's unclear what Ratner plans to do with the property, but the president of his company promised yesterday that once one last eminent domain lawsuit is settled, "this project is ready to go." Naturally, longtime adversary Daniel Goldstein isn't having it, telling The Real Deal, "While Ratner struggles against litigation and the world economic crisis... this sale makes it plainly obvious that Forest City Ratner's true goal is to control 22 valuable acres in the heart of Brooklyn with taxpayer assistance and the misuse of the state's eminent domain powers."
Tagged
Atlantic Yards
Bruce Ratner
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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