New York Daily News:
74 homes in Ratner's path
Tuesday, September 20th, 2005
Up to 74 households could be uprooted to make way for Bruce Ratner's Atlantic Yards project, a new document filed by the developer shows.
The document, which outlines the mixed-use development and Nets basketball arena in advance of an environmental review, says 82 housing units are still occupied within the 21 acres needed.
Of the 82 units, eight are condos or co-ops whose owners have agreed to sell them to Forest City Ratner Cos., and another 32 are rental properties that the developer controls.
"Depending on [our] plan for displacement or relocation ... the number of households directly displaced by the proposed project would be between 42 and 74," the Ratner document adds.
In a public notice issued last Friday, the Empire State Development Corp. said it anticipates that condemnation proceedings will be used to acquire some properties. The notice followed the MTA board's vote to sell Ratner the air rights to the Atlantic Ave. railyards for $100 million, clearing the way for the project. Ratner's executive vice president said the MTA's 8.3 acres increased Ratner's control or ownership to more than 80% of the area it needs.
The new document also elaborates on Ratner's plans for the block at Flatbush and Atlantic Aves. occupied by Modell's and P.C. Richard & Son, even though it's not technically part of the Atlantic Yards project.