1 / 26

Land Development in Brooklyn

Land Development in Brooklyn. Nick Vincenzo Samra Sahar Sean McHugh Adewale Osinono Michael Lombardo James Lamberti. SEE. Arena Site Map. Atlantic Yards Location . Atlantic Yards Location. Brooklyn After Atlantic Yards. Economic Factors.

burt
Download Presentation

Land Development in Brooklyn

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Land Development in Brooklyn • Nick Vincenzo • Samra Sahar • Sean McHugh • Adewale Osinono • Michael Lombardo • James Lamberti

  2. SEE

  3. Arena Site Map

  4. Atlantic Yards Location

  5. Atlantic Yards Location

  6. Brooklyn After Atlantic Yards

  7. Economic Factors • The development of the Atlantic Rail yards is a multi-BILLION dollar project. • The proposal includes $345 million dollars to renovate The Atlantic Avenue terminal. Also included is $450 million dollars for the arena to house the Nets. • The development will be partly funded by $555 million dollars in tax exempt bonds. • New York City an New York State have pledged $100 million dollars each to aid in the funding for the project.

  8. Benefits

  9. Political Factors • This development proposal was a hotly debated topic that generated media coverage prior to the Mayoral election. • The project was also a controversial point in the Mayoral Race. • Fernando Ferrer has stated “Not a single public dollar should pay for construction of the site” • City Council member Letitia James announced that new legislation would restrict the city’s ability to declare eminent domain.

  10. Cultural Factors • The development of the Atlantic rail yard in Brooklyn would revitalize and reinvigorate a once bustling downtown area. • The construction of a new arena would give Brooklyn its first professional sports franchise since the Dodgers moved to Los Angeles. • The proposal would provide affordable housing as well as office space. • The potential tax revenues produced by the development could amount to billions of dollars over the next 25 years.

  11. Social Factors • Currently there are numerous families and small businesses living and operating in the area of the proposed site. What will happen to them? • There is an enormous amount of money involved in this deal which includes taxpayers money. Are taxpayers going to agree on the allocation of how their money is used? • Is Brooklyn ready for development of this magnitude? • Is the law of eminent domain being followed in an ethical manner?

  12. Eminent Domain • The authority of the government to take private property for public use, with compensation to the owner in return.

  13. JUDGE

  14. The Principle of Double Effect Positives • New businesses • Revenue for Brooklyn Negatives • Increase pollution and traffic • Over burden sewer and water lines • Gentrification

  15. Gentrification Gentrification is the influx of upper and middle class housing and businesses in a poor area in order to increase property value and drive out the resident poor citizens.

  16. Economic Justices • Economy is for the People

  17. Susbsidiarity • People in the Society should decide what they want to with the Atlantic Rail yards

  18. Rights & Responsibility • Democratic Participation in Decision Making is a right and responsibility

  19. ACT

  20. West Side Stadium The West Side Stadium Location

  21. Madison Square Garden • Improve Madison Square Garden • Site For the New York Knicks and Nets • Already Done in Los Angeles

  22. The End • Questions?

More Related