Wednesday, February 28, 2007

Atlantic Yards Financial Documents Finally Public

We haven't had time to look at them closely, and reading financials isn't our No. 1 skill (and we'll defer to Atlantic Yards Report and Norman Oder for the in-depth analysis), but Brownstoner scores an excellent scoop by posting several of the most sought-after PDFs in certain Brooklyn circles. You can check out the post here. The documents don't seem to yet be up on the Empire State Development Corporation's website. The document shows a cash flow of $1 billion from 2012-15, but the initial read by Atlantic Yards Report is that the document lacks vital information and that it only covers ten years of the project. Develop Don't Destroy says that it "fails to shed light" on the developer's profit. We're sure there will be much more on this tomorrow.


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