- Extell Development Co. Plan
- UNITY Community Dev. Plan
- Community Design Principles
- Agreements
- Contact Elected Officials
- Economic Analyses & Documents
   > IRS Bond Regulations
- Environmental Documents
- Legal Documents
   > Eminent Domain Lawsuit
   > EIS Lawsuit
   > MGPP Lawsuit
   > MTA Lawsuit
- Letitia James Remixed
- Letters
- Memoranda of Understanding
- News Articles/Commentary
- Position Papers
- Times Report
- White Papers
- MTA RFP & Appraisal
tel/fax: 718.362.4784

Please note our new postal address when sending contributions to the legal fund:
121 5th Avenue, PMB #150
Brooklyn, New York 11217
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.

More about DDDB...
ARCHIVES: By Date| By Category| Text Search
"Why should people get to see plans? This isn't a public project."
Bruce Ratner in Crain's Nov. 8, 2009

NYC Independent Budget Office Study Shows
Ratner’s Arena a Financial Loser for NYC

For Immediate Release:

On Day After New Arena Designs Released…

NYC Independent Budget Office Study Shows Ratner’s Arena a Financial Loser for NYC

Warns That Planned Bond Arrangement
Won’t Work


BROOKLYN, NY— Fresh off a glitzy new design release by Forest City Ratner, a new study concludes that the Barclays Center Arena will be a money loser for New York City if built.

New York City’s Independent Budget Office released a fiscal analysis of the Atlantic Yards arena, which shows that the arena would be a $40 million loss for New York City with an additional loss of $180 million in opportunity costs (foregone gains due to tax exemptions and below market land sales).

The fiscal analysis also calculates a $726 million taxpayer subsidy and government benefits package for developer Forest City Ratner on the arena alone.

The report, “The Proposed Arena at Atlantic Yards: An Analysis of City Fiscal Gains and Losses,” is available for download on the IBO website.

“Between the IBO’s study showing the arena is a loss for the city, and the lack of any plans or guarantees for affordable housing in the project, it is clear that the highly subsidized Atlantic Yards proposal has a negative benefit for the public while providing enormous financial benefits to Forest City Ratner, including $726 million in subsidies and special benefits for the arena alone. That stark imbalance is an important part of our eminent domain argument in the Court of Appeals,” said Develop Don’t Destroy Brooklyn spokesman Daniel Goldstein. “The project is the result of a corrupt and illegal process and is a financial disaster that destroys our community. We will not let it stand and will continue to fight it by every means possible.”

The IBO study also warned that the foregone property taxes on the arena site would not be sufficient to generate PILOTs (payments in lieu of taxes) to pay off the $700 million arena bond Ratner is trying to float for the arena. The IBO estimates that the PILOT payment, based on a reasonable land assessment, would be about $15 million short—per year over 30 years—of the necessary bond debt service.

“The question is will the arena land assessment be illegally inflated by the City’s Finance Department to meet Ratner’s desired debt service or will the bond amount be lowered, requiring a greater investment by the developer. This complicated issue is precisely what Assemblyman Richard Brodsky investigated with hearings and subpoenas on the new Yankee Stadium, and he should play the same watchdog role with the Nets arena PILOT situation,” Goldstein concluded.

This issue is raised in a side bar on page 4 of the IBO study.

The IBO study is at:

http://www.ibo.nyc.ny.us/iboreports/AtlanticYards091009.pdf



Posted: 9.10.09
DDDB.net en español.
Battle for Brooklyn
Screening Schedule

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

Develop Don't Destroy Brooklyn on Facebook

Click here
to order DDDB tshirts. They cost $20 and all funds go to our legal campaign, shirts come in black, red, gold and pink tanktops.

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