BROOKLYN - A state board voted Wednesday to authorize the Atlantic Yards project, which is expected to revitalize Brooklyn.
The $4 billion project is picking up steam with approval from the Public Authorities Control Board, which is partially controlled by Governor George Pataki (R-NY). The Legislature?s top Democrat, Assembly Speaker Sheldon Silver, and Republican Senate Majority Leader Joseph Bruno wield key votes on the board. Silver threatened to kill the plan if it was tied to other developments. The project includes an arena for the Nets, retail space and housing.
Despite the compromise, the arena isn?t breaking ground yet. Property owners who may be affected through eminent domain can challenge the Atlantic Yards project in court. Community groups say they will fight the project until the end.