Atlantic Yards has been opposed by the community around the site due to its large scale and environmental impact. Although the project is adding numerous amounts of affordable housing units many fear that the overall amount of apartments and condos will flood the market.
The project has been plagued by several issues that have slowed down the development. The development has been involved in several legal battles. It was also hurt by the credit crisis, slowing economy and weakening housing market.
The project was announced at the end of 2003. Officials broke ground on March 11, 2010. The current opening date for the arena is now projected to be the fall of 2012. Completion of the entire project is not yet set.
Bibliography
Unknown. Atlantic Yards (Brooklyn. March 17, 2011. http://topics.nytimes.com/top/reference/timestopics/subjects/a/atlantic_yards_brooklyn/index.html?scp=1-spot&sq=atlantic%20yards&st=cse (accessed June 1, 2011).
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