The New York Senate facilitated a “fact finding” hearing for the controversial Atlantic Yards project last Friday.
At the meeting, among much chaos and disagreements between proponents and opposers of the project, officials confirmed that the project would be smaller than anticipated.
Due to the impact the bad economy has had on development projects, developer Bruce Ratner has announced the $950 million project will be scaled back to $800 million.
Most of the design changes will be made to the project’s centerpiece, the Barclays Center Coliseum, which will have less amenities such as luxury boxes.
Despite Ratner’s recent press release comments, the meeting also revealed that no construction dates or schedule have been set.
For more details, please refer to the original story here.
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