May 2, 2006
The headline you never saw: "Atlantic Yards jobs estimate cut by 40%" (or 75%)
Atlantic Yards Report explains how Forest City Ratner's [FCR] estimated jobs figures for the Atlantic Yards project decreased from 10,000 permanent jobs to 6,000, and attempts to explain why we never heard about it from the media.
When FCR announced a reconfiguration of the project at a City Council hearing 5/26/05, the press missed part of the story. Most press outlets emphasized an increase in housing and acknowledged a cut in office space (see for example the Daily News article headlined Ratner quietly moves in), but didn’t explain that the loss of office space meant a loss in jobs.
Posted by lumi at May 2, 2006 6:22 AM