Megaproject Developers Promise To Get Around To Affordable Housing Someday
In a move that should shock no one, the developers of Atlantic Yards and Willets Point are dragging their feet when it comes to building the affordable housing components of their projects, The Wall Street Journal reports.
Atlantic Yards, crying “bad market,” has repeatedly delayed breaking ground on the 2,250 low- and middle-income units that were a major part of pushing the project through.
And Willets Point, promising another 1,750 affordable units, may finally have a development deal, but it will be a long time before any housing goes up. Housing is scheduled for the third stage of construction, long after the large retail center and hotel are finished. Read More
