Norman Oder

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Norman Oder

Norman Oder

@AYReport

Watchdog journalist, writes Atlantic Yards/Pacific Park Report (& more), about controversial #Brooklyn real estate project #BarclaysCenter #AtlanticYards

Brooklyn, NY Katılım Nisan 2009
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Norman Oder
Norman Oder@AYReport·
As I wrote in December 2012 (!): “Atlantic Yards ‑ for now, an arena, with one tower slated to start construction on Dec. 18 ‑ should serve as a reminder that, as such complicated deals evolve, the public interest requires constant vigilance.” web.archive.org/web/2012121906… Still true.
Norman Oder@AYReport

Would Joe Tsai's Slickest Move Be Poaching Ticketmaster Plaza? normanoder.substack.com/p/would-joe-ts… Keeping the branded plaza bolsters #BarclaysCenter operations & revenues. @empirestatedev has more leverage than they admit. Why not map it as parkland & charge BSE Global a licensing fee? 1/

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Norman Oder
Norman Oder@AYReport·
@aussieflya @BklynSpeaks I think it all depends on when people started looking at the project. Some who remember from 20 years ago, probably think differently.
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Eli Lever
Eli Lever@aussieflya·
25% at 60% AMI is pretty much the standard MIH requirement They could not approve the additional bulk but then get neither market rate or affordable housing... And its arguable if AMI should be the affordability metric but that's the chosen at the moment. The critique is on the whole system, not specially to this project In any case, I doubt we will see anywhere near 25% @ 60% across the whole project but if we did, it would be huge for the community...
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Norman Oder
Norman Oder@AYReport·
NYState promises 500 (25%) initial low-income Atlantic Yards units Critics @BklynSpeaks note it wouldn’t make up shortfall normanoder.substack.com/p/state-promis… Shift from earlier plan, but no catch-up. A $3,071 low-income 1-BR when buildings open (maybe) in early 2030s? Project done by 2040?
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Norman Oder
Norman Oder@AYReport·
@aussieflya @BklynSpeaks Developers typically aim to negotiate, so that's where it's at. (Why didn't they come in w/25%?) Key Atlantic Yards lesson now is cost of delay, as Area Median Income rises faster than local incomes. I estimated 2031 rent levels/AMI. NY State should too #affordablehousing 2/2
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Norman Oder
Norman Oder@AYReport·
@aussieflya @BklynSpeaks Yes, no hard #s on the future #AtlanticYards buildout. 25% at 60% of AMI *is* better than previously proposed by development team Critics at mtgs yesterday pointed to larger context: the cost of low-income units promised (and key to political approval) but not delivered So.. 1/
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Norman Oder
Norman Oder@AYReport·
Little public discussion at yesterday’s mtgs re “public resources” sought by the developers, inc. 1.6M square feet of new bulk, $350M in subsidies for the platform, & tax breaks/housing subsidies. The Atlantic Yards Community Development Corporation did go into executive session.
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Eli Lever
Eli Lever@aussieflya·
@AYReport @BklynSpeaks It's interesting that this wasn't set before the takeover... The leverage they have now is just saying we can't build it...
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Norman Oder
Norman Oder@AYReport·
Worth reading re Atlantic Yards Also see my observations: atlanticyardsreport.blogspot.com/2026/03/brookl… and longer analysis: normanoder.substack.com/p/draft-commun… #AtlanticYards #PacificParkBK
BrooklynSpeaks@BklynSpeaks

Is @EmpireStateDev really going to decide #AtlanticYards #AffordableHousing based on opinions of individuals earning >$150K? That and other important questions in advance of Thursday night's workshop at brooklynspeaks.net/what-we-learned.

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Norman Oder
Norman Oder@AYReport·
@aussieflya So many variables, hence this @BklynSpeaks proposal: "Will ESD commit to providing an independent financial analysis reconciling project cost, subsidy & public benefit?" + that's before grappling with how/whether ≈5K proposed apartments over 2 railyard blocks would work
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Eli Lever
Eli Lever@aussieflya·
@AYReport Grant the additional bulk. Require MIH affordability across the whole thing. Seems like a win win for everyone. (I now know it's not actually required but still makes sense)
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Norman Oder
Norman Oder@AYReport·
@GibVeconi It provokes those questions among informed readers, but I'm not sure the report's writers want — or are permitted — to grapple with them. Let's see what happens in the final report.
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Gib Veconi
Gib Veconi@GibVeconi·
ESD's #AtlanticYards community engagement report supports the development team's asks, but also raises important questions about #AffordableHousing, governance of open space, and whether the additional subsidy being sought is a fair deal for the public.
BrooklynSpeaks@BklynSpeaks

Is @EmpireStateDev really going to decide #AtlanticYards #AffordableHousing based on opinions of individuals earning >$150K? That and other important questions in advance of Thursday night's workshop at brooklynspeaks.net/what-we-learned.

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Norman Oder
Norman Oder@AYReport·
@PeterMoskos Some portion of that spending should go to funding the equivalent of "secret shoppers" for shelters.
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Peter Moskos
Peter Moskos@PeterMoskos·
People running city-funded "nonprofit" homeless shelters shouldn't be making $1,000,000. Not only is it outrageous, it breeds corruption and subverts democracy. The mayor of NYC makes $258,750 a year. People working under him, including those who award city contracts, make less.
Charlie Smirkley@charliesmirkley

NYC “Nonprofit” shelter execs: what they make running a system that costs ~$82K/person/year: Jack Brown, CORE: ~$1M+ Raul Russi, Acacia: ~$1M Lymaris Albors, Acacia: ~$0.9M Joanne Oplustil, CAMBA: ~$0.8M Rosa Gil, Comunilife: ~$0.7M

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Norman Oder
Norman Oder@AYReport·
Draft Atlantic Yards community engagement report backs (!?) developers' aim to downplay low-income housing normanoder.substack.com/p/draft-commun… Other findings are mostly predictable, as key info was withheld (despite transparency claim) Respondents to online survey mostly white & well-off
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Norman Oder
Norman Oder@AYReport·
Foregone property taxes on Barclays Center now estimated at $122.7M, tiny decrease. Other venues see growth. PILOTs pay off tax-exempt construction debt. atlanticyardsreport.blogspot.com/2026/03/forego… Nice deal for the billionaire sports team owners/venue operators
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Norman Oder
Norman Oder@AYReport·
@NetsDaily Also interesting: Live Nation (TM parent) had a *plausible* reason to bypass Barclays Center for new UBS Arena (1st year, likely eager to cut deals), but that, acc. to Abbamondi testimony that judge called hearsay, Billie Eilish *had* wanted to reschedule Barclays show in BK 2/2
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Norman Oder
Norman Oder@AYReport·
@NetsDaily Interesting that Barclays Center (Tsai) was on board w/Abbamondi's plan (w/somewhat aggressive rationale re ending TM contract after pandemic) to switch to SeatGeek, but then reversed course after cutting ties w/Abbamondi & badmouthing SeatGeek normanoder.substack.com/p/in-aborted-l… 1/
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NetsDaily
NetsDaily@NetsDaily·
The Trump Administration settled the government’s antitrust suit with Ticketmaster this week but not before a former BSE exec testified about how TM pressured the Nets parent company. Norman Oder reports on what John Abbamondi told the court. substack.com/home/post/p-19…
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@aussieflya @BklynSpeaks @VitalCityNYC @GibVeconi @PeterMoskos @elonmusk @BarackObama @taylorswift13