Mayor Bloomberg dealt Bruce Ratner a blow on Wednesday, saying that the city would not subsidize the Atlantic Yards project with additional public funds.
The city has already pledged $230 million for infrastructure and land-acquisition costs at the embattled arena and skyscraper project — but Bloomberg dashed Ratner’s hopes for more.
“We’ve done everything,” he said in response to a reporter’s question at his daily availability on Wednesday. “We’re going to have a tough time balancing our budget.”
The mayor did add that the city needs the project, but said, “We’re not putting money in. We’re going to invest our money in better schools and in safer streets and in better parks and everything else.”
The mayor’s thriftiness is bad news for Forest City Ratner, which in recent months had been lobbying for more taxpayer aid from the city and state to help revive construction on the $4-billion complex in Prospect Heights, where work has been stalled since December.
But Ratner, speaking at a “topping out” ceremony at his 80 DeKalb Avenue project, claimed he will start the basketball arena this fall.
“We don’t need anything more [from the city and state],” he said.
©2009 Community Newspaper Group
By submitting this comment, you agree to the following terms:
You agree that you, and not BrooklynPaper.com 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 BrooklynPaper.com 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.