Will The Atlantic Yards Project Go Bust?

The slowing economy is causing Forest Ratner to re-think buildout plans for their controversial Atlantic Yards development. New York City history tells us it won't be the first time a large scale project goes the way of the economy.

"The slowing economy, weighed down by a widening credit crisis, is likely to delay the signature office tower and three residential buildings at the heart of the $4 billion Atlantic Yards project in Brooklyn, the developer said.

'It may hold up the office building,' the developer, Bruce C. Ratner, said in a recent interview. 'And the bond market may slow the pace of the residential buildings.'

Mr. Ratner, chief executive of Forest City Ratner, did not specify the kinds of delays possible, but suggested that construction could be put off for years. His comments are his first public indication that the darkening economy has slowed the ambitious project, spanning 22 acres at the intersection of Flatbush and Atlantic Avenues."

Full Story: Slow Economy Likely to Stall Atlantic Yards


Brand new! Urban Grid City Collection

Each city has its own unique story. Commemorate where you came from or where you want to go.
Grids and Guide Red book cover

Grids & Guides

A notebook for visual thinkers. Available in red and black.
building block set

Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.

City Map Posters are in!

Available in 9 different cities.