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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.

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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

We've Got Some Questions

First, a question we know the answer to:
Did you know that the public is paying entirely for the construction of the arena?

Yes. Instead of paying property taxes, Forest City Ratner (FCR) will pay for the arena construction bond with Payments in Lieu of Taxes (PILOTS). How will FCR cover the costs of those PILOTS? Simple: with things like luxury box suites, concessions, arena advertising and arena naming rights. The developer puts up NO money for the arena construction.
This is called a shell game.

1. HOUSING
It is estimated (by local housing groups that FCR has applied with NYCHDC for $402,000 in bonding for each of the rental units (50/30/20 program: 4,500 proposed, totaling $1.809 billion). We do not know if the HDC has approved this amount, or if the parties are still negotiating.

QUESTIONS:
What is the total amount of tax-free bonding sought by FCR?
  • How does that translate into a per unit subsidy?

  • How does this compare to other affordable housing packages?
What percentage of the city’s total funding pool for affordable housing would be allocated to the “Atlantic Yards” project?

What guarantees are there that the proposed “affordable” housing will be built in both the smaller first phase and larger second phase of the project?
  • Are there legally binding commitments with severe penalties to ensure that all 2,250 “affordable” housing units are constructed?

  • What commitment is there to a project completion timeline?
The proposed rezoning of the Lower East Side and East Village of Manhattan defines affordable housing with a income band cap at 80% of Area Median Income (AMI), or $56,000 for a household of four. Atlantic Yards has a cap of 160% of AMI, or $113,000 for a household of four. 51% of the “affordable” units in Atlantic Yards would be for households earning above 80% of AMI.
  • Why is the income cap so high in Brooklyn and so relatively low in Manhattan?


2. PUBLIC COST and PUBLIC RETURN
FCR claimed in the Spring of 2005 that the cumulative public cost of the project would be $1.1 billion. We have found that the project could cost the public, cumulatively, at least $2 billion. Neither of these numbers account for:
  • The substantial housing bonds described above.

  • The “extraordinary infrastructure costs” which the city and state agreed to “consider making additional contributions for” in a 2005 Memorandum of Understanding (MOU). This commitment was made in addition to the $100 million capital funding that the city and state have each committed to the project. Forest City Ratner identified the “extraordinary infrastructure costs” as $163 million in their bid to the MTA, to cover the cost of the platform over the rail yard.

  • The relocation of utilities such as water, sewage, electric, gas and telephone, which the city and state agreed to pay in the same 2005 MOU. This commitment was made in addition to the $100 million capital funding that the city and state have each committed.
QUESTIONS:
  • What is the total public cost of the project including both as-of-right and extraordinary costs?

The ESDC memo summarizing the economic impact analysis of the project is incomplete and lacks a full accounting of the public costs. Without accounting for numerous, significant public costs, the net revenue projection is significantly overstated.
  • What is the net revenue return for the city and state of New York (just this week it was disclosed that revenues have been cut by nearly 33% and still doesn't include substantial public costs)?

The public has yet to see the developer’s 20-year pro forma financial projections, as required by the MTA’s RFP for the Vanderbilt Rail Yard (the competing bidder, Extell, submitted detailed projections. FCR’s submission to the MTA is here: www.dddb.net/php/press/budget/proForma.gif

Assemblyman Jim Brennan said in a recent NY Times article:
“We don’t know how much money the arena’s going to make. We don’t know how much the private rental housing is going to make. We don’t know how much the luxury housing and commercial property will make. Therefore, we do not know whether the arena or the affordable housing are independently economically viable. If they are, or if they only need minimal subsidy, then there is no rationale for the size [of the project].”
  • What is the profit projection for Forest City Ratner?

There will be two PILOTS (Payments in Lieu of Taxes) paid for the project. One is for the arena, intended to repay the bond debt service. The other is for the non-arena portion of the project.
  • Has the payment amount for each PILOT been set?

  • If so, how much is it and how was it determined?

  • If not, how will this be determined and when?

  • Will the arena PILOTS be enough to pay the debt service on the arena bonds?

  • If the bonds are defaulted, who is responsible for repayment?

  • Who are the non-arena PILOTs paid to?



Posted: 12.17.06
DDDB.net en español.
Battle for Brooklyn
Screening Schedule

Battle Fore Brooklyn
Unity 4 Community Meeting, June 15th at 388 Atlantic Avenue

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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
-Atlantic Yards Deathwatch
-The Footprint Gazette
-Brooklyn Matters
-Noticing New York
-NY Times "The Local" FG/CH
-Brooklyn Views
-Council of B'klyn N'hoods
-The Brooklyn Paper
-The Brooklyn Wire
-Atlantic Lots
-Who Walk in Brooklyn
-S. Oxford St. Block Assoc.
-City Limits City Blogs
-The Knickerblogger
-Anyplace, Brooklyn
-Bklyn Bridge Park Defense
-Bay Ridge Journal
-Clawback
-Picketing Henry Ford
-Castle Coalition Blog
-Dope on the Slope
-Gowanus Lounge
-Fans For Fair Play
-Views from the Bridge
-Old First Blog
-DailyHeights.com
-Brooklyn Footprints
-Freddys Bklyn Roundhouse
-Ctr for the Study of Bklyn
-Pardon Me for Asking
-Clinton Hill Blog
-Only The Blog Knows BK
-Brownstoner
-Sustainable Flatbush
-A Child Grows in Bklyn
-Williamsburg Warriors

-The Real Estate
-Rail Yards Blog (H. Yards)
-OnNYTurf-Atlantic Yards
-Manhattan User's Guide
-Naparstek
-Streets Blog
-Urban Place & Space
-New York Games
-Field of Schemes
-News 12 Brooklyn
-Queens Crap
-Dist.35 Comm'ity Gazette
-Save Our Parks (Bronx)
-Eminent Domain Watch
-NJ Eminent Domain Law
-PLANYC
-Big Cities Big Boxes
-www.DANDOCTOROFF.com
-Olympic Bloomdoggle
-TenantServices.com
-Tenant.net