""We do acknowledge that there will need to be public resources to offset the value of, or the costs of the platform," said Joel Kolkmann, senior vice president for real estate at Empire State Development. "Platform construction is incredibly complicated. It's incredibly expensive. And I think if you look at a lot of projects throughout New York City that have platforms, there's been public resources dedicated to them.""
""If that $350 [million] to help them build the platform helps address that, I'm good," Simon said. "We're throwing public money...""
The Atlantic Yards project in Brooklyn may receive $350 million in state aid to build a platform over the MTA-owned railyard. This request follows developers avoiding fines for not delivering affordable apartments. State officials acknowledge the need for public resources due to the complexity and cost of platform construction. A new development team plans to create a park and residential buildings. Local Assemblymember JoAnne Simon emphasizes the need for commitments to affordable housing alongside the funding approval.
Read at Gothamist
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