Wednesday, January 14, 2009

Brooklyn Bridge Park: important meeting January 29

The Cobble Hill Association has had many questions over the past several years about the funding scheme for Brooklyn Bridge Park. We are pleased to report that, after the prodding of State Senator Daniel Squadron, the Brooklyn Bridge Park Development Corporation (BBPDC) has announced that it will release revised cost and revenue projections.

One would think that such reporting and transparency would be automatic for a public entity like the BBPDC, a subsidiary of the Empire State Development Corporation, but one would be wrong. We are grateful to Senator Squadron for his work on this matter. Here is the 411 on the meeting:
What: BBPDC public meeting about the Park's financial model.
When: January 29 at 6 p.m.
Where: Dibner Auditorium, NYU-Polytechnic University, 5 Metrotech Center, Brooklyn.
Senator Squadron's staff has told us that the BBPDC will release financial data before the meeting. We will keep you in the loop once the data have been released. We will also distribute information to help the community frame questions for the event. Stay tuned.

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