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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

Forest City Says No New Development This Year, Dilutes Shares

Just last week NBA Commissioner David Stern said Forest City Ratner would break ground this summer on the besieged Barclays Center arena in Brooklyn. Or, at least, that is what he has been told by the developer, who last year said they’d break ground in December 2008, and in 2003 said they’d open their arena in 2006.

Today, announcing the sale of 45.5 million new shares to raise cash to pay off a heavy debt burden, parent company Forest City Enterprises (FCE-A) stated in a press release that:
"...Forest City does not anticipate commencing any new vertical development in the near term..."
Presumably if they were going to start construction on the arena this summer, or even this year, they would have said so as an exception to their overall construction freeze.

Forest City Ratner (FCR) continues to maintain that the Barclays Center Arena would open in 2011. But if construction does not start in 2009, that would be impossible, as would a 2012 opening date given stated build out schedules.

Currently Forest City Ratner doesn’t own the land it needs to build the arena or the rest of Atlantic Yards, and does not have the financing to build the arena. It appears that the numbers no longer compute to build the arena or affordable housing they once envisioned. The project is also being litigated in two major lawsuits. Yet, Forest City Ratner's project is not dead as the developer continues its effort to control 22 valuable acres in Brooklyn to eventually build an arena and 16 skyscrapers

The new stock issued by Forest City Enterprises shows a desperate company in a precarious position with no creditor friends.

Apparently banks are reluctant to extend more credit to Cleveland-based Forest City Enterprises, so the developer issued 45.5 million new shares priced at $6.60. As of noon the market has responded that $6.60 is overpriced, the stock is trading at $6.36 a share and was as low as $6.06. The stock is down about 80% since September.

Answers from the developer and the Empire State Development Corporation (the State agency overseeing the project) about these and many other questions will hopefully be forthcoming in the first State Senate public hearing on the Atlantic Yards project scheduled for May 29th in Brooklyn.

Posted: 5.14.09
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

[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.

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
Isabel Hill's
"Atlantic Yards" documentary
Brooklyn Matters

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

-No Land Grab.org

-Atlantic Yards Report
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-A Child Grows in Bklyn
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-The Real Estate
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-OnNYTurf-Atlantic Yards
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