Posted Mar 12, 2010, 4:42 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 53,005
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http://www.nydailynews.com/ny_local/..._protests.html
Atlantic Yards ground-breaking event marked by politicians, pop star and protests
Ready to dig in are Forest City Ratner CEO Bruce Ratner, Mayor Bloomberg, Gov. Paterson,
Brooklyn Borough President Marty Markowitz, Jay-Z and Barclays president Robert R. Diamond
BY Erin Durkin and Bill Hutchinson
March 11th 2010
Quote:
Pomp overshadowed protest Thursday as ground was broken on the future home of Nets - the centerpiece of the controversial Atlantic Yards project.
Marching bands and speeches from politicians and dignitaries drowned out demonstrators ringing what is to be called the Barclays Center, for the bank that bought the naming rights to the 18,000-seat sports arena.
"I can't believe I'm standing here today," said developer Bruce Ratner, whose six-year battle to build the project has been buffeted by the economic recession and resistance from businesses and Brooklynites being displaced.
"Today is a great day for Brooklyn," Ratner said.
A large white tent was erected on the site where Atlantic Ave. intersects with Flatbush Ave. to accommodate hundreds of supporters, who enjoy smoked salmon hors d'oeuvres - and Junior's Cheesecake.
"This really is such a huge win for the Nets. It's just a shame it doesn't count in the standings," Mayor Bloomberg told the crowd.
Organizers prepared 70 silver shovels for the event.
Bloomberg was joined by Ratner, Gov. Paterson, Barclays Bank President Robert Diamond, Borough President Marty Markowitz, Sen. Chuck Schumer, the Rev. Al Sharpton and rapper and Nets co-owner Jay-Z in breaking ground.
A protest outside the site drew about 200 foes of the project, who countered that the construction will doom Brooklyn.
"I hearby proclaim March 11, 2010, the destruction of Brooklyn's soul day," said a protester wearing a Markowitz mask.
One protester was arrested for disobeying a police order to stop pounding a drum.
Demonstrators briefly blocked traffic on Atlantic Ave. until cops dispersed them.
The new arena, set to open in 2012, is part of the $4.9 billion Atlantic Yards Project, which includes 16 residential and commercial towers.
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http://www.observer.com/2010/real-es...-breaks-ground
Atlantic Yards and the Great Recession Groundbreaking
By Eliot Brown
March 11, 2010
Quote:
There was an odd feel to Thursday afternoon's Atlantic Yards groundbreaking—one that felt almost as though it wasn't 2010, but rather, say, 2007, when the economy was vibrant and projects were popping up around the city.
A giant white party tent at the site of the Nets basketball arena-to-be in Prospect Heights quickly became filled with business leaders, lawyers, Nets investors and a celebrity or two, as a brigade of caterers passed around gourmet munchies—mini-burgers; cheesecake—squeezing in between an army of suits holding napkins that carried the new Barclays Center insignia. One after another, officials and executives key to the project—Mayor Bloomberg, Governor Paterson, Brooklyn Borough President Marty Markowitz—took to the lectern to address the tent, proclaiming just how pleased they were that the project was happening.
This is a very un-recession-like concept.
Big projects, particularly those that are built on what the developer says are slim margins, are not supposed to happen in economic downturns. Yet here we were, with ground-breaking on just one component of the $4.9 billion project—the component that was considered to be the least profitable of the project.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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