tag:blogger.com,1999:blog-3154580569513471740.post3656365335688493706..comments2024-03-19T14:27:56.952-04:00Comments on mcbrooklyn: Time to Get Riled: Billionaires vs. Brooklyn's Best Barmcbrooklynhttp://www.blogger.com/profile/00327814383697990623noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3154580569513471740.post-12693670801447289102010-03-04T21:07:15.499-05:002010-03-04T21:07:15.499-05:00- Huge increase in tax revenue? Instead of bringin...- Huge increase in tax revenue? Instead of bringing economic benefit, the NYC Independent Budget Office estimates a loss to the city of $8 million over 30 years.The city and the state (taxpayers) will each contribute $100 million. (Later figures show the city may kick in closer to $236 million. ) Instead of property taxes, Forest City Ratner will repay the state with Payments In Lieu of Taxes (PILOTS). Very slowly.<br /><br />- Thousands of affordable apartments? In the original project, 2250 affordable housing units (of 6430) would be delivered by 2016. But that has changed. Now, there's a requirement to build, at minimum, 300 affordable units in Phase 1, for which the developer has 12 years. There's 25 years to build more, but extensions are possible. Former ESDC head Marisa Lago said it could take decades.<br /><br />- The project will mainly create low-wage unskilled jobs at the arena. The office tower is no longer in the plan. <br /><br />Other negatives:<br />The design uses an outdated "superblock" concept out of scale with the surrounding structures, predominantly low-rise Fort Greene and Prospect Heights.<br /><br />- It will tear up the neighborhood with construction for years to come<br /><br />- It will create a traffic nightmare. <br /><br />- The ESDC railroaded through a sham environmental review, ignoring comments from thousands of citizens.bjnoreply@blogger.comtag:blogger.com,1999:blog-3154580569513471740.post-53884065785192382072010-03-04T17:51:47.662-05:002010-03-04T17:51:47.662-05:00It is completely disingenuous to not mention the t...It is completely disingenuous to not mention the thousands of jobs, the huge increase in tax revenue, and the thousands of affordable apartments.<br />Just disingenuous...Anonymousnoreply@blogger.com