It's hard to quickly read those closely-held Atlantic Yards financial documents that were the subject of a lawsuit and a lot of Freedom of Information Law requests, but Brownstoner has posted three documents for anyone interested enough to look at the PDFs and to try to figure them out. They show an average return of 9.6 percent a year to Forest City Ratner, but about $1 billion in cash flow to the developer over the last three years covered (2013-2015). For the Atlantic Yards addicts out there, we're sure there's much more analysis to come.
· AY Financial Projections: We Got 'Em [Brownstoner]
· ESDC Releases Atlantic Yards Projections [TRE]
· Lawmakers Push for Release of Atlantic Yards Financial Documents [Sun]
UPDATE: Early react is that document that was released still lacks "vital information," in the words of Atlantic Yards Report.