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Atlantic Yards To Begin Construction By Year's End

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TWC News: Atlantic Yards To Begin Construction By Year's End
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The controversial Atlantic Yards project development plan in Brooklyn is moving forward against the wishes of many residents and businesses.

Developer Forest City Ratner announced plans to break ground in December.

The long-delayed $4 billion development calls for 16 residential and office towers spread over 22 acres, as well as a $950 million basketball arena for the New Jersey Nets.

Mayor Michael Bloomberg reiterated his support on Wednesday, saying the city could use the tax dollars the project is expected to generate.

"We desperately need to have development and that's a very big part of the development in Brooklyn. I don't know that we have to put government money in, but we certainly will do everything we can to work with Ratner to get those buildings going," said Bloomberg.

Bruce Ratner said he still needs to close several land deals with the state and the MTA before construction can begin.

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