
Is Barclays a Fare Jumper When It Comes to Transportation Funding?
The Atlantic Yards certainly knows how to get someone else to pick up the tab. It’s like a friend who always manages to forget his wallet when going out to dinner, or the pal who neglects to pony up her share of the group gift you all went in on together.
First, the project scored $305 million in state and city subsidies via the Empire State Development Corporation, then the arena protested a tax assessment for taxes it didn’t even have to pay (an oversight, it claimed), and now it’s literally getting a free ride on the existing transportation infrastructure—an infrastructure that is ferrying a lot of visitors and cash to Barclays, but that Ratner doesn’t want to help finance. Read More