Report: Atlantic Yards housing project delayed

Work on more than 2,000 affordable housing units promised as part of the Atlantic Yards project has yet to begin, according to a published report.

BROOKLYN - Work on more than 2,000 affordable housing units promised as part of the Atlantic Yards project has yet to begin, according to a published report. The Wall Street Journal reports that Forest City Ratner has yet to break ground on more than 6,000 housing units, 2,000 of which are supposed to be affordable housing. The company once projected the housing units to be complete by 2016, but the Wall Street Journal says higher-than-expected costs have caused delays. Still, CEO Bruce Ratner says the company plans to break ground later this year. If Forest City Ratner doesn't begin the project by May 2013, it must pay the city $5 million.

advertisement | advertise on News 12

Trending Video

1 VIDEO: Mini-mall plaza opens in Sunset Park
2 Brooklyn Sportscast, Jan. 17
Experts offer advice on reducing healthcare costs at 3 Tips to reduce health care costs
Our Lady of Loreto Church in Brownsville has 4 Residents fight to save vacant Brownsville church
News 12 Brooklyn asked residents if they are 5 Word on the Street: Keeping New Year's resolutions

advertisement | advertise on News 12

Features

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE