Ratner to pony-up rent

The Brooklyn Paper
Share on TwitterTweet
Share on Facebook

Get our stories in your inbox, free.

Like The Brooklyn Paper on Facebook.

Bruce Ratner is paying the rent.

Answering criticism from fair-housing advocates, the Atlantic Yards developer says his company is guaranteeing to pay the difference between the current rent of soon-to-be-evicted tenants within the footprint of his development and the rent for “a comparable unit,” until the tenants are relocated into a Yards building.

Initially, Ratner only promised to pay the rent for three years — but many worried that tenants would get burned if construction of Atlantic Yards dragged on beyond that time frame.

Of course, if Ratner never builds Atlantic Yards, all bets are off, according to the new deal, which is contained in the state’s final environmental impact statement certified last week.

The estimated 55 renters, of course, must still pay their base rent, lest they be considered in breach of contract and ruled no longer eligible for Ratner’s payments.

One housing advocate cautiously commended the developer this week.

“It sounds like an improvement if tenants can have confidence that they can have their rent paid until they are moved into a new unit,” said Brad Lander, executive director of the Pratt Center for Community Development. “But there is still insecurity for the tenants if the project falls apart.”

It’s more than insecurity, said George Locker, an attorney for 13 rent-stabilized tenants in the 22-acre Atlantic Yards footprint.

“If this project isn’t built, these people will lose their homes and get nothing in return,” he said. The agreement still violates state [relocation] law. This is not state law, this is Ratner law.”

Forest City Ratner Vice President Jim Stuckey declined a chance to comment when approached by The Brooklyn Papers at a Ratner-sponsored tree-lighting this week.

Today’s news:
Share on TwitterTweet
Share on Facebook

Get our stories in your inbox, free.

Like The Brooklyn Paper on Facebook.

Reader Feedback

Enter your comment below

By submitting this comment, you agree to the following terms:

You agree that you, and not or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.

First name
Last name
Your neighborhood
Email address
Daytime phone

Your letter must be signed and include all of the information requested above. (Only your name and neighborhood are published with the letter.) Letters should be as brief as possible; while they may discuss any topic of interest to our readers, priority will be given to letters that relate to stories covered by The Brooklyn Paper.

Letters will be edited at the sole discretion of the editor, may be published in whole or part in any media, and upon publication become the property of The Brooklyn Paper. The earlier in the week you send your letter, the better.

This week’s featured advertisers