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|A model shown to potential immigrant investors in China in 2014,|
though not shown publicly in Brooklyn.
This watchdog blog, by journalist Norman Oder, offers analysis, commentary, and reportage about the $4.9 billion project to build the Barclays Center arena and 16 high-rise buildings at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park in 2014 after the Chinese government-owned Greenland Group bought a 70% stake in 15 towers. New York State still calls it Atlantic Yards. Contact: AtlanticYardsReport[at]hotmail.com
|A model shown to potential immigrant investors in China in 2014,|
though not shown publicly in Brooklyn.
The plan, outlined to Capital in advance of its rollout by administration and City Council officials, would require builders to set aside 25 percent of their units for affordable housing. The average unit would be rented to residents earning 60 percent of the area median income—a calculation that currently equals $46,620 for a family of three.Note that this plan gives more autonomy to local elected officials, unlike with Atlantic Yards, of course.
The policy, known as "mandatory inclusionary zoning" or "mandatory inclusionary housing," would come with a second option—reserving 30 percent of all units at an average of 80 percent of the area median income, or $62,150 for a family of three.
The Department of City Planning, in concert with the local City Council member for a given development, would decide which option to choose—not the builder, the officials said.
...In conjunction with one of the two mandatory inclusionary options, the local Council member would also be empowered to allow a moderate-income affordable choice [at 120% of Area Median Income, or AMI, more than $93,000 for a family of 3] that does not entail a direct subsidy from the city. That alternative, according to the officials, would be restricted to middle-income areas.
During the 2013 campaign, Mr. de Blasio drew skepticism with his assertion that mandatory inclusionary zoning in rezoned neighborhoods could generate 50,000 affordable apartments over eight years for poor and middle-class families in New York City.Now Department of City Planning (DCP) Director Carl Weisbrod is estimating a more general "several thousand." The ANHD, in a report, estimated more ambitious totals:
That turned out to be based on a best-case analysis prepared by an advocacy group, the Association for Neighborhood and Housing Development [ANHD], for the rezoning of the entire city.
"Requiring permanently affordable housing in all future upzonings is a huge step forward for creating the inclusive neighborhoods we need in this city, but we need to ask who will be included and who will be left out," said Moses Gates, director of planning and community development for the nonprofit. "The fact is the rent levels proposed are too high to meet the needs of the New Yorkers who are most desperate for affordable housing."ANHD would like a lower average, to reach lower-income New Yorkers, and opposes the moderate-income option. The city, according to the summary from Crain's, "contends that its mix of incomes allows for a more diverse program, and for developers to reach lower income levels on the other end of the spectrum."
... If [DCP and the Council Member] choose to require 25% of the project's units be dedicated to affordable housing, then rents for the affordable units will have to average out to serve a household making 60% of a metric called the area median income. For a family of three, that equals $1,165 a month in rent. If they pick the 30% option, affordable units will have to average out to 80% of AMI.
There are three options for affordability being proposed:
Option A) 25% affordable at an average of 60% AMI.
Option B) 30% affordable at an average of 80% AMI.
Option C) 30% affordable at an average of 120% AMI.
These levels are, quite simply, not where the need is greatest. 85% of New Yorkers making under 50% of AMI are rent-burdened, and in need of affordable housing. This is compared to less than 10% of New Yorkers making 100% AMI. And in raw numbers, the differences are even starker. There are 14 times more rent-burdened households at 50% AMI and under, than at 100% AMI and up. Any new MIZ policy needs to specifically address this, and require a significant portion of affordable housing for truly low-income New Yorkers across all of these options.The Atlantic Yards plan
And then there is Option C, which shouldn’t be an option at all. This option is intended to be set in neighborhoods where 120% is on or about the market rate, in order to keep incentivizing market-rate development. Put another way, this option not only doesn’t provide affordability, but is specifically designed to not provide affordability. The option’s purpose is to keep the $2000+ apartments coming, without requiring anything for the lower-income half of New Yorkers. This is at direct cross-purposes with the rest of the proposal. An affordable housing program is for creating affordable housing, not market-rate housing.
This month, The Real Deal looked at all of the condominiums slated for Brooklyn, and found that the trickle of projects in the works will not be enough to meet the demand.With Atlantic Yards, now Pacific Park, the developer--then Forest City Ratner, now Greenland Forest City Partners--had flexibility to build condos in multiple buildings over a long buildout.
TRD combed through Department of Buildings records and found 23,700 Brooklyn residential units in the pipeline across 137 projects. Of those, only 1,900 (or about 8 percent) are expected to be condos. Plans are unclear for 4,200 of the units, while rentals account for the bulk: 17,600.
“I think that there’s not enough on the market right now and there’s not going to be even in a year,” said Ofer Cohen, founder and president of Brooklyn commercial brokerage TerraCRG, who regularly works with residential developers looking for sites to build on. “It’s going to take a long time for condo inventory to get into this pipeline, and for the foreseeable future there’s not going to be enough of it.”
The imbalance in the market is largely an echo of the recession. The 2008 downturn, of course, made lenders hesitant to underwrite condo projects in Brooklyn. In the years that followed, rentals also seemed like the logical choice for developers who wanted to protect themselves against market fluctuations....
Prices at the project will range from $550,000 for the least expensive studios to $5.5 million for some of the maisonette and penthouse units. Sales launched in mid-June, and the building should be ready for move-ins by the end of 2016.According to Streeteasy, 34 units are in contract as of today, with 62 active sales. (So 96 units is a little more than one-third of the total 278 units.)
“We anticipate being sold out by then, no problem,” said Jodi Ann Stasse, managing director of new development for Citi Habitats, who is marketing the building.
Smith College economics professor Andrew Zimbalist sat quietly for the first 15 minutes of the Olympics debate on Thursday night. When Zimbalist did finally open his mouth, he used a unique description of Boston 2024’s revenue estimates.
“Most of the numbers I see reflect drunken optimism,” he said.
Zimbalist said the bid’s expected ticket sale revenues for Olympic basketball games were unlikely to be reached.
...In any case, the creative phrase inspired the #DrunkenOptimism hashtag on Twitter.
...Zimbalist, a consistent critic of Boston 2024, is not shy of referring to the bid in metaphoric language. Speaking broadly about the bidding plans to Boston.com earlier this week, he called them “a lot of baloney.”
Smith College professor Andrew Zimbalist, who for months has criticized the local Olympic bid in just about every mode of media short of semaphore flags, claimed Tuesday on WGBH that Pagliuca offered him a consulting job with Boston 2024 a few days after Pagliuca became chairman of the Olympic bid committee in May.Pagliuca said he talked to Zimbalist but didn't make an offer. Zimbalist followed up with a letter:
STEVE PAGLIUCA denies asking me to work for him (“Did Pagliuca ask Olympics critic to work for Boston 2024?” Metro, June 9). More precisely, he denies making me a job offer. In part, he may be hiding behind semantics. There was never a concrete job offer made, with a particular salary and schedule. One reason that there was never a formal job offer is that each time he asked me to work for him, I immediately said that I couldn’t do that.
He did, however, say to me several times that he wanted me to work for him and to be on the Boston 2024 committee. At the end of the day, I suppose, it is my word against his. I have always respected him, and I still do. Unfortunately, he is in a thankless job and, like his predecessor, he is compelled to spin every bit of negative news....
I originally did not plan on mentioning his phone call to the public. However, after I continued to see the daily misinformation being perpetrated by Boston 2024, I decided that my silence would become part of the spin cycle. I have opted instead for transparency.Okay, but.. let's remember Zimbalist on Atlantic Yards.
BROOKLYN (July 6, 2015) – The Brooklyn Nets will hold open auditions for the Brooklynettes dance team on Sunday, July 12 at 11 a.m. at the Arnold and Marie Schwartz Center on the LIU Brooklyn campus at 1 University Plaza. Registration begins at 10 a.m.Then came a 7/8/15 promotional piece on WPIX, Brooklynettes dance team looking for more dancers. It was presaged by a tweet from the Nets:
The Brooklynettes, presented by Crunch Fitness, will perform at all Brooklyn Nets games at Barclays Center during the 2015-16 season and represent the team at events throughout the New York metropolitan area and internationally. Special guest judges will be in attendance throughout the week, including celebrity choreographers Luam, Manwé, Nick Kenkel, and Bloc Talent Agency's Fatima Wilson.
Then came the TV station's report, Brooklynettes hopefuls audition at Barclays Center for coveted spot on team:.@Brooklynettes stopped by @PIX11News this morning to promote their upcoming open auditions! http://t.co/Ohk5LrP8MB pic.twitter.com/QROJZtan4K— Brooklyn Nets (@BrooklynNets) July 8, 2015
BARCLAYS CENTER — There was so much excitement at Barclays Center for these very coveted spots. A lot of talent, but only 16 spots to fill on the team.What they get paid, of course, doesn't get discussed.
They came from all over the country and the world. All here to be a part of the magic at Barclays Center, and part of the next Brooklynettes team.
The final round on Tuesday included an interview process, and of course lots of dancing.
The next step for the winners, they’ll be practicing and then performing in the 2015-2016 Brooklyn Nets season.
They also do appearances around the country, and internationally.
As a question of civic policy, the plastic-bag debate would seem to be a perfect one for contemporary New York, seeing as it resides precisely at the crossroads of bloodless Bloombergian autocratic problem-solving and de Blasian firebrand progressivism. Yet New York has continually lagged behind other cities and countries on the issue; for example, China, which is not exactly thought of as in the environmental vanguard, banned free plastic bags in 2008. That’s the same year that Mayor Bloomberg floated the notion of a six-cent fee on grocery bags, but it went nowhere. Currently, several City Council members are pushing for a ten-cent fee on plastic bags. But no legislation has been enacted. Bertha Lewis, a consultant to Mayor de Blasio and the head of the Black Leadership Action Coalition, wrote an editorial for the Gotham Gazette arguing that the bag fee “is counterintuitive, and hurts the working class and small-business owners that make our city strong.” Lewis was later asked by Capital New York to account for the fact that her foundation has received payments from the American Progressive Bag Alliance — that’s Mark Daniels’s [bag manufacturers'] group — and she responded, “That’s insulting. I think it is absolutely just the most egregious character assassination ever.Well, Lewis--a prominent Atlantic Yards backer, of course--does have training in theater.
Essentially, the hockey team no longer administers or controls its own business operation, a highly unusual situation.While Barclays Center (and Brooklyn Nets) CEO Brett Yormark confirmed that, the Islanders wouldn't comment. Nor would anyone confirm the sum, though last year the New York Post reported, using unnamed sources, that the guarantee was $50 million annually.
The agreement to move the franchise includes the provision that the arena pays Islanders ownership an annual sum to play at Barclays Center and, in exchange, Barclays Center acquired all ticket and suite sales, sponsorships, marketing and promotions and their revenue.
“We did make a revenue guarantee – I’m not going to discuss what the number is – but the number, when we hit it, would only put us 20th in the NHL in revenue,” [Yormark] said.Glenn Gerstner, chairman of the Sports Marketing Department of St. John’s University in New York (and a longtime Islanders fan) told Hackel that Islanders owner Charles Wang has essentially outsourced his team’s business department, thus saving overhead.
If so, that number would be around $100 million, using Forbes’ most recent listing of the 30 NHL club revenues. After that number is reached, Barclays Center ceases sharing and keeps the surplus.
Yormark says Islanders tickets at Barclays Center are roughly twice the price of a ticket at Nassau Coliseum, although the premium tickets include free food and other inducements.That's a bit unclear, since the premium tickets are only a fraction of the total. About 25% of ticket sales "come from the established Long Island fan base, a larger percentage than he expected." (Maybe not a larger percentage than Islanders' fans expected?)
Abused By Barclay Already
I was a 25 yr Full Season Tix holder who got sucked into an 8 game package at Barclays. While I am not happy about it, I understand that I am paying $70 a game for the same seats that sell to full season tix holders for $55.HOWEVER, they never told me one of my 8 games would be an exhibition, excuse me, "preseason" game. That is BS!!! You can’t give those tickets away. I see them forcing the full season ticket guys into paying $55 for them but itSUCKS that they are ripping me off for $70. I see the legalese in my contract that says they may use a "preseason" games but I am not an attorney, I’m a Hockey Fan! But not a Barclays Fan! I am trying to get out of my contract, doubt they will let me, and I will never go again!!!!!. Already taking a lesson from Mr Dolan at MSG and abusing their most loyal fans…. I’m PISSED!!
by Dr Gary on Jul 20, 2015 | 12:29 PM
Water dripped from high above the ice on at least one row of the makeshift press area Wednesday, and the 10,000-square-foot space that will include the new locker room for the Islanders, who announced in October 2012 that they would begin playing in Brooklyn in the 2015-16 season, remains at least a month from completion.
Still, General Manager Garth Snow and Steve Rosebrook, the arena’s general manager, were beaming before the team’s rookie scrimmage as they led members of the news media on a tour of the still-under-construction rooms for the player lounges and fitness areas.
...Fans will need to carve out new routines. Saturday games — a Nassau Coliseum staple — will be nearly gone; the team has only four such contests next season, with two of them in early April, in the season’s closing weeks.
Most games will take place on weeknights, although there will be several Sunday afternoon games, including one against Edmonton on Super Bowl Sunday in February.
Then there are the quirks of Barclays Center, which features an off-center scoreboard, several hundred seats with obstructed views and the overall feel of a basketball arena.
...Barry Baum, Barclays Center’s chief communications officer, said 8,000 full-season Islanders ticket plans had been sold. On Thursday, tickets for all games go on sale to the public
By NYC standards, the current definition of a maisonette is a ground-floor or first-floor condominium or co-op apartment that has a street-level and private entry, thus affording celebrities or recluses a dwelling in which there’s easy and anonymous in-and-out accessIn this case, it also has its own patch of green.
|Solish (l.), via Bisnow|
[Greenland USA director of development Scott Solish] also pointed out that Greenland’s Pacific Park project in Brooklyn will include an eight-acre park built above a former rail yard that’ll be open to the public 24/7 and help connect parts of the borough that had been cut off from each other, plus a new public school.I don't know whether that sentence is verbatim Solish, or journalistic shorthand, but there are several errors.