Tell Governor Cuomo: Make Forest City Ratner keep its promise for affordable housing in Brooklyn
Had enough of the broken promises at the Atlantic Yards project? Our elected officials sure have. Now that the State has to consider whether to approve Forest City Ratner's proposed sale of interest in Atlantic Yards to Chinese developer Greenland Holdings, it's your chance to tell Governor Cuomo not to let what may be the last opportunity for accountability at the project slip away.
Dear Governor Cuomo:
Forest City Ratner promised the people of Brooklyn 2,250 affordable apartments at the Atlantic Yards project in exchange for hundreds of millions in public subsidies. Then it pushed back completing that housing for 25 years. Now Forest City wants to pull its money out of the project by selling a majority interest to a foreign developer.
That's an outrage to thousands of families in danger of displacement, and it's a raw deal for the taxpayers of New York State.
Brooklyn's elected officials have said the State should allow the sale only if there are new guarantees for affordable housing to be delivered when originally promised and appropriate oversight to make sure they’re enforced. I agree, and call on you to direct the Empire State Development Corporation not to let the deal move forward until those conditions are met.
Thanks for your interest in affordable housing at the Atlantic Yards project.
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