Two Roads....

Two roads diverge in Brooklyn. And which will be taken?
Well we’re pretty sure it’s going to be one of the two.
Despite my vague and general reference to roads, I’m quite certain readers of this blog know we are referring to a crossroads in the Atlantic Yards dilemma. Now we’re all sick of the antics that have plagued the deal for years. Lots of he said she said and dung-slinging has most Brooklynites fed up. But is the end nigh?
Possibly. Most will remember the lawsuit filed by DDDB against the Atlantics Yards developers. The suit is still stuck in the muck of NYS court system. But a verdict is expected in the coming weeks.
It is this verdict that can decide the next major movements of the project. A verdict in favor of DDDB and opponents to the deal would cause a definite temporary and possibly permanent halt to the project. Even if the halt isn’t permanent, many feel that the developers, sick and tired of the problems surrounding the project will give up.
A verdict in favor the developers though may seal the fate of the Yards, bringing to fruition the dream of a multi-billion dollar basketball arena, hotel complex, and affordable housing units (although this last ones debatable).
If, indeed, the suit is thrown out, development of the land is not possible it’s probable. The Empire State Development Corporation, who plans on financially supporting Forest City Ratner, the development company in charge, is already putting together bonds to give to Ratner before the years end. That is IF, the lawsuit is thrown out.
So the borough must wait…