Atlantic
Yards and
Ratner/Barclays Arena Are Not Viable
Property Ownership Map Explains Why

NEW YORK, NY--
More than 5 acres of the proposed project
site for Bruce Ratner’s “Atlantic Yards” are privately owned or controlled. These
properties–homes and businesses–are spread throughout the proposed site and some
of the properties are located precisely where Ratner intends to build his arena.
Unless the developer can gain the deeds and leases to these properties, the arena
cannot be built. In addition, much of the rest of the project, including the de-mapping
(removal) of City streets required to construct superblocks, cannot be built as
proposed.
A
map of the project site,
overlaid by a property ownership and control map, illustrates how the
project’s viability is impacted by the
Federal
lawsuit challenging the constitutionality of eminent domain–State
seizure of private property which would then be handed over to Forest
City Ratner for demolition–for “Atlantic Yards.” In addition to the twelve
plaintiffs (representing 2 businesses and 26 residents) on that Federal
suit, there are numerous other individuals who own or control their own
property.
The map can be found here:
http://www.dddb.net/php/ownership
“Private citizens own and rent a significant portion of the land where
Ratner intends to build his arena, and much of the rest of his ‘Atlantic
Yards’ project. This land amounts to
more than 5 acres
spread throughout the proposed site. Unless the State of New York and
Forest City Ratner can seize these private properties, ‘Atlantic Yards,’
as we know it, cannot be built. This decision will be left up to a Federal
court, ” said Develop Don’t Destroy Brooklyn spokesperson Daniel Goldstein.
“Even if early construction begins, a victory in Federal court
will keep the homes and businesses in the hands of their rightful owners
and Bruce Ratner will have to go back to the drawing board.”
Posted: 1.30.07