Billion-dollar Brooklyn: Atlantic Yards, Part 2, the benefits
[Continued from yesterday's Part 1.]
What does the public get for Atlantic Yards?
Affordable housing:
Ratner is building subsidized housing in a city where there’s a cruel 3% vacancy rate.
“Let them eat rent stabilization!”
Increased real estate taxes:
He’s forecasting $1.5 billion in new tax revenues for the city [net present value over 30 [...]
