Sections

RATNER’S MTA DEAL ON HOLD

The Brooklyn Paper
Share on TwitterTweet
Share on Facebook
Subscribe

Get our stories in your inbox, free.

Like The Brooklyn Paper on Facebook.



Bruce Ratner and his New Jersey Nets will just have to wait.

That’s the message Metropolitan Transportation Authority Chairman Peter Kalikow delivered at a state Assembly public hearing on plans by the New York Jets to build a football stadium over rail yards on Manhattan’s West Side.

Referring to the Nets basketball team owned by real estate developer Ratner — who hopes to move the team to a new arena he’d build over MTA rail yards at Atlantic and Flatbush avenues — Kalikow said, “The Nets deal is absolutely on hold until this finishes.”

Kalikow’s comment at the Feb. 3 hearing was reported by the northern New Jersey newspaper The Record.

For Ratner, the basketball arena would be the centerpiece of a six-square-block development into Prospect Heights that would include 17 high-rise office and residential towers. Aside from the MTA property, the Ratner plan relies on the state’s condemnation of private property under eminent domain.

Asked to comment on Kalikow’s statement, Barry Baum, a spokesman for Ratner’s development company, Forest City Ratner, said, “We are not discussing ongoing conversations with the state, the city or the MTA.”

Kalikow said his agency would first have to complete negotiations with the Jets, who with the staunch support of Mayor Michael Bloomberg seek to build a football stadium with a retractable roof over the MTA’s Hudson Yards. The Jets stadium would also be a lynchpin of the mayor’s bid for the 2012 summer Olympics.

An appraisal done for the MTA put the value of the air rights over the Hudson Yards at almost $900 million. And while the Jets and the MTA seemed headed for binding arbitration for the West Side site — the Jets have offered $100 million while the MTA is seeking $300 million for a one-third share of the air rights — Cablevision, the owner of Madison Square Garden and the Knicks and Rangers, threw a monkey wrench into the works last week.

An ardent opponent of the Jets plan, Cablevision offered the MTA $600 million on Friday for the West Side air rights, dwarfing the Jets’ bid. On Wednesday, Kalikow told Cablevision officials they had until Friday, Feb. 11, to provide details of the unsolicited proposal.

Kalikow told The New York Times, however, that getting the highest price for the transit system outweighed the mayor’s desire to bring the Olympics to New York City.

“As important as the Olympics are, my main criteria is getting the best deal for the MTA,” Kalikow told The Times.

Though the Cablevision bid was decried as a “publicity stunt” by both the mayor and officials with the football team, the notion of competitive bidding for the site gave Brooklynites who oppose Ratner’s plan a beacon of hope.

“We’ve been demanding for the past year that the MTA should issue requests for proposals,” said Patti Hagan, who lives near the site of the proposed Nets arena. She said she knew of at least one idea by a developer for the Vanderbilt Avenue end of the site.

“It’s wonderful to hear,” Hagan said.

Daniel Goldstein, lead organizer of Develop-Don’t Destroy Brooklyn, a grassroots organization formed in opposition to Ratner’s arena proposal, also was glad to hear about the bid.

“It says that these kind of properties need to be bid on to be actually putting out a market value,” said Goldstein, a vocal holdout among condominium owners in the Atlantic Yards plan area who have largely agreed to sell their apartments to Ratner.

Goldstein said open bidding would be far more democratic a process than relying on arbitration to determine the value of the MTA-owned development rights.

“Perhaps some developers would be emboldened and try and do a similar thing with the Atlantic Yards,” he said hopefully.

Brian Hatch, who was a deputy mayor of Salt Lake City, Utah, during the 2002 winter Olympics there, said the hearing, led by Westchester Assemblyman Richard Brodsky, was a reminder that there are “options and maybe that should be something we shouldn’t forget about.”

Said Hatch, who now lives in New York, “I think it’s a similar argument as, ‘Well, the Nets are here and ready to go, and no one else is here, so lets go.’”

As a result, he said, people get bullied into certain developments.

“If there’s blight on the West Side, at this point it’s mayoral blight, because no developer in their right mind would take him on,” with an alternative bid, said Hatch.

“If the mayor says ‘This is a priority for us,’ then all the developers fall into line.”

Tom Kelly, a spokesman for the MTA, told The Brooklyn Papers this week that the state-run agency would be happy to entertain other bids on the Atlantic Avenue rail yards.

“Sure we would, sure we’d entertain it,” Kelly said. “The thing you don’t want to lose sight of is that land had been there for 20 to 30 years, and nobody ever came forward to develop it. It’s not a secret that we own the land, and it’s not a secret that we’re willing to sell it. But other than a few inquiries we’ve never had anybody come forward with a serious offer.”

But Councilwoman Letitia James, in whose district the Ratner plan sits, said that is simply not true.
“We know there are many developers who are interested in developing those yards,” said James, who said she was glad to hear open bidding would be considered.

“It’s encouraging news that the MTA is going to open up the process and look at other proposals,” the councilwoman said. “I will be looking at other developers who have contacted me and see if they will adopt the UNITY plan.”

That plan, designed by local architect Marshall Brown, replaces the arena with housing and requires no property condemnations. It has been gaining steam among community groups in the surrounding neighborhoods and in light of open bidding could become a viable reality provided a developer or a partnership of developers wanted to put up the money. [The UNITY plan will be presented at a joint meeting of the Boerum Hill Association and Hoyt Street Association on Feb 16 at the YWCA at 30 Third Ave.]

Assemblyman Brodsky said it is up to the MTA to take seriously the bid by Cablevision, and he called the arbitration that the Jets and MTA have agreed upon to determine the cost of the land “a very undesirable route.”


Today’s news:
Share on TwitterTweet
Share on Facebook
Subscribe

Get our stories in your inbox, free.

Like The Brooklyn Paper on Facebook.

Reader Feedback

Deborah Johnson from Borum Hill says:

Why is Martha Kamber's, the CEO
Director of the YWCA of Brooklyn, staff orientating potential tenants and tenants, that Kamber, "saved the YWCA of Brooklyn from being brought by Ratner?" Suggesting that there was political struggle. Where is there evidence of this claim? Is it true?
djspiritone@gmail.com
Nov. 17, 2013, 4:58 am

Enter your comment below

By submitting this comment, you agree to the following terms:

You agree that you, and not BrooklynPaper.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to BrooklynPaper.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.

First name
Last name
Your neighborhood
Email address
Daytime phone

Your letter must be signed and include all of the information requested above. (Only your name and neighborhood are published with the letter.) Letters should be as brief as possible; while they may discuss any topic of interest to our readers, priority will be given to letters that relate to stories covered by The Brooklyn Paper.

Letters will be edited at the sole discretion of the editor, may be published in whole or part in any media, and upon publication become the property of The Brooklyn Paper. The earlier in the week you send your letter, the better.

This week’s featured advertisers