Pacific Park seeks $350M in public funds to revive stalled Brooklyn megaproject
A new development team behind the Atlantic Yards complex, now called Pacific Park, has asked the state for $350 million in public funding. The money would help build a platform over the MTA-owned rail yard—a key but expensive part of the long-delayed project. State officials have yet to approve the request, though they admit public funds will likely be needed. The Atlantic Yards project was first announced in 2003. Early plans focused on Phase 1, which included an arena and possibly one residential building on solid ground. Later, the focus shifted to constructing the first two towers—B6 and another over the railyard—with 2,000 units, including 500 low-income apartments. The platform over the tracks became central to the revised vision.
Construction has faced repeated setbacks. So far, only half of the promised housing has been built. The original pledge included 2,250 affordable units, but hundreds remain unfinished. Developers now say the full project, including the platform, may not be completed until the late 2030s.
State officials describe the platform as one of the most complex and costly parts of the entire plan. Empire State Development has acknowledged that public funding will probably be required, though no official decision has been made. If approved, the revised plan could add nearly 6,000 more apartments, bringing the total to around 9,000 units. The request for $350 million remains under review. Without public funding, the platform's construction—and the project's overall completion—could face further delays. Developers argue that similar projects have relied on state support to move forward.
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