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All charts and graphics by Abby Weissman, copyright 2006 Weissman Consulting.
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While the total NYC Median Income per Houshold is $70,400 for a family of four, the Brooklyn Average Median Income is only $36,410 for a family of four. Who are these "affordable" units really being built for?
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This illustrated chart does not include the additional three buildings planned to be built over the original Atlantic Center mall, which could add another 2,000 upscale units. This recently unearthed addition will bring the total number of buildings in the Atlantic Yards project to nineteen towers – not sixteen, as FRC originally stated. Forest City Ratner calls this additional phase of the project: "Atlantic Center Overbuild." (First discovered on Norman Oder's great news blog, AtlanticYardsReport.com)
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Note: Most of the Atlantic Yards "affordable" housing will not be available until 2017 at the earliest – if at all. The developer, Forest City Ratner recently admittted that the majority of the affordable housing portion will be built off-site (Crown Heights?). Read Bruce Ratner's press release from December 20, 2006 here.
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