The ESDC will release documents relating to finances surrounding developer Bruce Ratner’s Atlantic Yards project in Brooklyn. The documents will include Ratner’s business plan for the $4.2 billion project and shed light on how much he will make off the massive development, which will receive hundreds of millions of dollars in city and state subsidies. The documents are being released following a lawsuit that Assemblyman James Brennan and State Senator Velmanette Montgomery filed against the ESDC on Monday that alleged the agency was improperly withholding the information. Community groups have been calling for greater transparency about the project’s financing for two years. more [Sun]
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Atlantic Yards financing information
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