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About DDDB
Our coalition consists of 21 community organizations and there are 51 community organizations formally aligned in opposition to the Ratner plan.

DDDB is a volunteer-run organization. We have over 5,000 subscribers to our email newsletter, and 7,000 petition signers. Over 800 volunteers have registered with DDDB to form our various teams, task-forces and committees and we have over 150 block captains. We have a 20 person volunteer legal team of local lawyers supplementing our retained attorneys.

We are funded entirely by individual donations from the community at large and through various fundraising events we and supporters have organized.

We have the financial support of well over 3,500 individual donors.

More about DDDB...
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"Why should people get to see plans? This isn't a public project."
Bruce Ratner in Crain's Nov. 8, 2009

Ratner's Tax-exempt Atlantic Yards Bonds Worth $165 Million in Savings

We asked here: Why is Bruce Ratner telling NY1 "we don't see really a problem...there's not a problem" with new IRS regulations while his surrogates are in Washington lobbying for an IRS waiver so he can receive triple-tax-free bonds for his arena? Norman Oder provides the answer on his Atlantic Yards Report. Its pretty simple: Ratner was just doing some not very subtle spinning. They do have a problem if they can't get their triple-tax-free bonds—a $165 million problem.

From the Atlantic Yards Report:
The $165 million difference: why Ratner can't play it cool about IRS rules

Given perhaps $165 million in savings at stake, Forest City Ratner CEO Bruce Ratner seems curiously unperturbed about the possibility that new Internal Revenue Service restrictions would limit the amount of tax-exempt bonds for the planned Atlantic Yards arena.

NY1 reported Friday:
"We don't see really a problem,” said Ratner. “You know if the regulations don't change, do change, whatever the regulations will do, we'll be able to finance this. We've been assured of that. We've been working on it over the last two months, and it will take another three or four months to finish the documentation, but there's not a problem.”

While Ratner's playing it cool, his company is surely lobbying hard, along with city and state officials, to ensure that the long-contemplated plan to issue tax-exempt bonds that would be repaid by PILOTs (payments in lieu of taxes) will go forward.
...

So Ratner may tell the press that the arena might go forward with taxable bonds. But surely Forest City Ratner's investment plan assumes tax-exempt bonds and the attendant savings.

Click for the full article and to find out how Oder calculated the $165 million.



Posted: 6.14.08
DDDB.net en español.
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Eminent Domain Case
Goldstein et al v. ESDC
[All case files]

November 24, 2009
Court of Appeals
Ruling

[See ownership map]

EIS Lawsuit

DDDB et al v ESDC et al
Click for a summary of the lawsuit seeking to annul the review and approval the Atlantic Yards project.

Appeal briefs are here.

2/26/09
Appellate Divsion
Rules for ESDC
What would Atlantic Yards Look like?...
Photo Simulations
Before and After views from around the project footprint revealing the massive scale of the proposed luxury apartment and sports complex.

Click for
Screening Schedule
of
Isabel Hill's
"Atlantic Yards" documentary
Brooklyn Matters


Read a review
-----------------------
Atlantic Yards
would be
Instant
Gentrification
Click image to see why:


-No Land Grab.org

-Atlantic Yards Report
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