Category: Atlantic Yards

The gift that keeps on costing: Part 3, Christie’s cross

3 August, 2012 (09:03) | Atlantic Yards, Capital markets, Local issues, Municipal Finance, New Jersey, New York, ornaments, Real estate taxes |

By:David A. Smith   [Concluded from yesterday's Part 2 and the preceding Part 1.]   So far, our tales of paradise hocked started with the visions of sugar plums that led, as reported in an older New York Times (September 8, 2010) article, to the building of Giants Stadium (RIP), the creation of a bond [...]

The gift that keeps on costing: Part 2, Hoffa’s ghost

2 August, 2012 (09:03) | Atlantic Yards, Capital markets, Local issues, Municipal Finance, New Jersey, New York, ornaments, Real estate taxes |

By:David A. Smith   [Continued from yesterday's Part 1.]   Yesterday’s post on spectacle venues told the tortuous story of the Meadowlands, using a New York Times (September 8, 2010) article from a few years back, which illustrates that, of all the uses to which urban land can be put, the most curious is that [...]

The gift that keeps on costing: Part 1, Byrne’s Rome

1 August, 2012 (10:10) | Atlantic Yards, Capital markets, Local issues, Municipal Finance, New Jersey, New York, ornaments, Real estate taxes |

By:David A. Smith   Is spectacular civic infrastructure a good investment?    Was this ceremony worth $42 million?   As London wallows in its Olympic celebration, and the British fume over tickets that are both unavailable and going unused and wonder over the mounting cost, it’s worth placing the infrastructure buildout in perspective, and look [...]

Discarding the ornaments

20 June, 2012 (10:14) | Affordable Housing, Atlantic Yards, Brooklyn, Development, Forest City Ratner, gentrification, land markets, New York City, Zoning |

By: David A. Smith   When it comes to Atlantic Yards’ excruciating development process, the affordable housing has always been a political ornament – a sparkling bauble prominently featured in the submission, proffered as a reason why the applicant should be given concessions today in anticipation of repaying that with goodies tomorrow.    If you’re [...]

If you can’t define it, you can’t use it: Part 4, the value of bright lines

26 March, 2010 (10:06) | Atlantic Yards, Cities, Eminent domain, Law, New York City, Policy, Regulation, Theory |

[Continued from yesterday's Part 3 and the preceding Part 1 and Part 2.]   By: David A. Smith   Now, four days into our trek, we arrive at the critical juncture.  We must have ED4ED – without it, twenty-first century cities cannot keep themselves functional in an increasingly complex world.  Conversely, as explored in a [...]