Although Forest City Ratner, developer of the $4-billionAtlantic Yards project tells GlobeSt.com that they have no formalcomment at this time as far as a response to this particularpetition, they did note that the company has won 18 consecutivecourt decisions." A spokesperson tells GlobeSt.com that "when westarted we owned 0% of the condos and co-ops and 35% of the rentalunits. Currently we own 89% of the land needed to complete theproject, including 93% of the condos and co-ops--64 of 69--81% ofthe rental units--83 of 102."
The spokesperson also tells GlobeSt.com that "they have filedand lost this case in the federal court and the federal appeals."At the time the case was dismissed by the US Court of Appeals, FCRCissued a statement saying that the decision was more than anothervictory for Atlantic Yards. "It is a victory for public good andthe importance of investing in diverse communities throughout theCity," said Bruce Ratner, CEO and chairman of FCRC at the time."Atlantic Yards will bring thousands of affordable homes and neededjobs to Brooklyn. We believe, and the courts have repeatedlyagreed, that these are real benefits that will have a significantlypositive impact on the borough and the City."
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