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BROOKLYNSPEAKS
BROOKLYNSPEAKS
Atlantic Yards 2010
From political theater to public loss:
BROOKLYNSPEAKS
Atlantic Yards: then and now
Project approval: December 2006Project closing: December 2009ArchitectFrank GehryEllerbe Becket/SHoPBuildingsArena and 16 buildings by 2016
1
Arena and 3 buildings by 2022
3
Residential units6430 by 2016
1
1005
2
by 2022
3
Affordable units2250 by 2016
1
300
2
by 2022
3
Open space8 acres
1
1 acre, plus 7 acres of parking
3
Initial payment for MTA rail yards$100MM$20MM
3
City direct subsidy$100MM$236MMJobs created10,000 permanent15,000 construction
4
3,600 annual average first 30 years
2,5
Construction duration10 years25 years, with extensions possible
3
Arena economic benefit$25MM over 30 years-$8MM over 30 years
6
1
2006 Atlantic Yards Modified General ProjectPlan
2
2009 Atlantic Yards Modified General ProjectPlan
3
Atlantic Yards master closing documents
4
2004 Forest City Ratner promotional flyer
5
2005 NYC EDC report
6
September 2009 NYC Independent Budget Officebrief
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