News
As Affordable Housing Baseline Continues to Rise, What Might "Low-Income" Mean in 2031?
5+ hour, 51+ min ago (1744+ words) Note: An Atlantic Yards 101 presentation, from the Prospect Heights Neighborhood Development Council, will be held on Tuesday, June 16, from 6: 30 pm-8 pm at the Brooklyn Public Library's Central Library. I'm out of town. But I wouldn't be surprised if they draw…...
Lessons from 962 Pacific: Developer's Warnings May Not be Credible. Deals Will Get Done.
1+ mon, 1+ day ago (1479+ words) Real estate is a business. The numbers have to work. If those numbers work well enough, those who achieve their deals might decide to cash out. So we should take developers" pious promises and dire warnings during the approval process…...
If New York Liberty Are Now Worth $600 M, Do the Billionaire Owners Deserve a Tax-Exempt Arena?
1+ mon, 3+ day ago (1668+ words) The New York Liberty had a smashing debut game last night. Consider this to be a small counter-narrative to the blizzard of publicity, a reminder that, however enjoyable, "sports entertainment corporations" do not deserve public largesse. The WNBA, after years…...
ESD's Engagement Report Defends Subsidy, Reveals Design Change, Deflects on Affordable Housing, and Stonewalls on Oversight
1+ mon, 1+ week ago (1728+ words) On April 30, just under the wire for a promised April delivery, Empire State Development (ESD), the state authority that oversees/shepherds the project, released a Final Community Engagement Report regarding the planning process that began last November. It serves to…...