The stalled Atlantic Yards project in Brooklyn, surrounding the Barclays Center, has missed the deadline for nearly 900 affordable apartments, leading New York's Empire State Development to waive penalties for the project's owners, Greenland USA. They were due to face $2,000 per apartment in fines starting after May 31, 2025, but instead, a new timeline and community engagement process is being established. The project has undergone numerous revisions over 22 years, and the state is reportedly still committed to realizing its objectives.
Empire State Development is working to advance the Atlantic Yards/Pacific Park project and deliver on the long-promised benefits to the surrounding communities.
Despite a deal requiring the construction of affordable apartments by May 31, 2025, New York officials are waiving penalties for the project's owners for not meeting the deadline.
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