ESD pitches $5B plan to complete Pacific Park
Pacific Park, the long delayed plan to cover railyards in a busy patch of Brooklyn, may finally move forward after Empire State Development and the project’s community development corporation board pitched a $5 billion buildout that would build more than 5,600 residential units, more than 1,200 of which would be income-restricted. The beleaguered project, first dubbed Atlantic Yards and still unfinished after more than two decades, originally called for $2.5 billion when former lead developer Bruce Ratner first announced it in 2003 alongside big names including late starchitect Frank Gehry and Brooklyn-born hip-hop star Jay-Z. The Atlantic Yards Community Development […]
This article originally appeared on The Real Deal. Click here to read the full story.
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