$5B Atlantic Yards Development Must Find New Parking Plan

Law360, New York (May 7, 2012, 3:48 PM EDT) -- A new traffic management plan is in the works for the anticipated $4.9 billion Atlantic Yards development in Brooklyn, N.Y., after state planners last week threw out a proposal for stacked parking at the site, but it is unclear what other options remain on the table.

The Empire State Development Corp. rejected the stacked-parking plan last week that would have provided for 1,100 spots in the densely built-up area of Brooklyn and is now only requiring the developer, Forest City Ratner, to provide 550 spots as...
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