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Kathryn Wylde at MTA Finance Committee (video)
Kathryn Wylde at MTA Finance Committee (video)
Kathryn Wylde, President of the Partnership for NYC, testifies in favor of Atlantic Yards at the MTA Finance Committee meeting 6/22/09.
MTA Finance Committee Approves New Ratner Deal
MTA Finance Committee Approves New Ratner Deal
brownstoner.com — As was widely expected, the MTA's finance committee yesterday approved a revised agreement with Bruce Ratner that... would allow the developer to defer $80 million of the $100 million he initially agreed to pay the Authority for railyards; the full MTA ... (more) MTA Finance Committee Approves New Ratner Deal
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The Partnership for New York City's evolving (and misleading) support for Atlantic Yards
Atlantic Yards Report — The rebuttal Monday came from Noticing New York's Michael D.D. White. White said: You notice the economy has changed. In a situation like this, this is the time we look to get better deals from the developers and contractors that we deal with. It's something that Forest City Ratner is reportedly doing with its own contractors. We hope you are aware that other state and local governments are finding ways to get more for their money when dealing with developers in this economy. And yet, we are proposing a bailout for a financially weak developer, a deal that is in every way worse for the public and in every way better for the developer. A project of less value under the ...

The Partnership for New York City's evolving (and misleading) support for Atlantic Yards
No Land Grab — Atlantic Yards Report One project booster is finding it harder to say nice things about Atlantic Yards: The Partnership for New York City (PFNYC), which exemplifies the business community, is sure straining in its support for Atlantic Yards, dropping previous enthusiasm about Frank Gehry and affordable housing to focus on the goal of building an arena, while misleadingly suggesting that the project as it stands would be generate many permanent jobs. The PFNYC is essentially the city's Chamber of Commerce, a nonprofit membership organization with some 200 CEOs (“Partners”) from New York City’s "top corporate, ...

Related: mta finance
Video: MTA official say FCR's arena plans were "principal driver" of "cramped" timing for board to vote on revised deal
atlanticyardsreport.blogspot.com 6/29/2009 — I now have video of a remarkable exchange during the Metropolitan Transportation Authority (MTA) Finance Committee meeting last Monday, about which I wrote on Tuesday. The transcript below is more precise, and includes MTA Chief Financial Officer Gary ...
Video: MTA official say FCR's arena plans were "principal driver" of "cramped" timing for board to vote on revised dealNo Land Grab
Atlantic Yards Report It's all on tape, according to CFO Gary Dellaverson, the MTA had to work weekends to negotiate the bailout of Atlantic Yards, so developer Bruce Ratner can issue the bond to finance the arena by the end of this year to take advantage of an federal tax loophole that has ...
Atlantic Yards RevisitedRegional Plan Association
The Metropolitan Transportation Authority board of directors met today to discuss a revised finance agreement over the Atlantic Yards site between the agency and developer Forest City Ratner (FCR). At issue is whether the MTA should give FCR greater flexibility in making payments owed to the ...
MTA report updated; note that Forest City Ratner's arena financing drives deal timing; questions about FCE's credit rating raisedNo Land Grab
Atlantic Yards Report Norman Oder posted an update to his report on yesterday's MTA Finance Committee hearing, which includes this exchange: Board member Doreen Frasca said, "This is just an observation, and I know staff has worked very long and hard on this, including into this ...
MTA Finance Committee Hastily Approves New Payment Plan for RatnerPlanNYC
Though the Metropolitan Transportation Authority’s (MTA) finance committee did approve a redesign of the terms of developer Forest City Ratner’s payments for Vanderbilt Yards, some members are arguing that the new plan was sprung on them and the decision was made too hastily. read more