Who's in control of Atlantic Yards? The Empire State Development Corp. says that it's in charge of what goes on and the timetable for development, etc. But Forest City Enterprises says it's in charge. It's "telling the real estate industry that Atlantic Yards is among 'Active Large Scale Projects Where We Control the Pace.'...But the message from FCE, apparently, is that, given that the project has received government approvals, the developer is in the driver's seat." On the other hand, if the developer' stock keeps tanking, there may be nothing to control. [AYR]
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