Wednesday, October 01, 2014

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Ratner To Wait Until 2007 For PACB Decision On Atlantic Rail Yards

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TWC News: Ratner To Wait Until 2007 For PACB Decision On Atlantic Rail Yards
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It could be a few more weeks before developer Bruce Ratner finds out if his controversial Atlantic Yards project will go forward.

NY1 learned Tuesday the plan will not get the green light from the state before the end of the year.

According to a source briefed on the matter, as of now, Assembly Speaker Sheldon Silver will not give final approval to the project before January 1st. There's word he still has financial questions about Atlantic Yards, which includes office and apartment towers and a sports arena for the Nets basketball team.

Officially, a Silver spokesperson says the speaker hasn't decided. But Silver is said to be ready to either vote no or not vote at all if the projects are put before him at a meeting of the Public Authorities Control Board this week.
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