Dan Goldstein of Develop Don’t Destroy says today that there is a “secret” Memorandum of Understanding (MOU) between Forest City Ratner and New York City/State…
Goldstein: “This second MOU lays out plans for an even larger development, and more development rights, for Bruce Ratner than the public MOU.”
“… The second MOU, or ‘MOU 2,’ allows new development rights for FCR to develop millions more square feet over their Atlantic Center Mall and the PC Richards/Modell’s mall … These sites are directly adjacent to the disclosed footprint of Ratner’s proposed Brooklyn Atlantic Yards (BAY) …
“MOU 2 also refers to a mysterious previous MOU from May 2004.”
“It also provides for a state takeover of yet more acres in addition to the 21 acres in the public MOU. This would add more than one million square feet to what is already 8 million square feet of development in the BAY plan, and what is already an overburdened traffic intersection and public transportation hub.”
I MOU. MOU 2?