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Atlantic Yards/Nets Arena Project

Small Business Development Pre-qualification Survey
[Please return surveys to the NYSAMC Office.]

Community Benefits Agreement Highlights:

  1. This project will provide at least 2500 units of affordable housing which is more affordable housing than Extell's entire plan combined. The Affordable Housing will be more economically diverse than the standard affordable housing program because of the unique low and middle income tiers created for this project.

  2. Ten percent (10%) of the residential units will be set aside for seniors to address a growing need for affordable senior housing, a constituency that is being displaced by persistent gentrification.

  3. This project commits to increasing the number of minority and women workers throughout all the construction trades by establishing goals of 35% for minority workers and an unprecedented 10% for women construction workers, this in an industry where women on a job site is generally at 1 or 2%. (note: FCRC has had a consistent 4 to 5% women on construction jobs).

  4. This project will create one of the largest MWBE programs in the nation. Not less than 20% of the construction contract dollars will be awarded to minority contractors and not less than 10% to women owned contractors. This level of participation is unmatched by any public or private developer but it is in keeping with the FCRC record in this area as one of the standard bearer for inclusion in the construction industry.

  5. To that end, Mckissack and Mckissack, one of the nations's largest minority owned construction firms will be the general contractor on the relocation and construction of the New Vanderbilt Rail Yard.

  6. This project will consist of a day care, youth and senior facility. In addition, a state of the art health care facility will be created to provide high tech health services not available in the local community.

  7. This project will provide 7.5 acres of open space that will be more than just grass but also an active space for the community to use and just relax. The open space will have inviting elements that will become one of the great meeting places in Brooklyn.

  8. The Project Developer is committed to working with our CBA partners to create four high schools dedicated to the themes of Construction Management and Trades, Information Technology, Sports and Facility Management and the Wonder School named for performing artist Stevie Wonder that will focus on Music and Film. These schools will provide the community with small, thematic schools that will expose students to future career possibilities with a quality education.

  9. FCRC will work with local Public Housing complexes by giving priority to NYCHA residents for job training, affordable housing, and opportunities to enter union apprentice programs.

  10. FCRC will work with local small businesses to take advantage of the business opportunities of the project by providing small business loans and to utilize local small businesses as vendors throughout all phases of this project.

Community Benefits Agreement (Snapshot):
This Community Benefits Agreement ("the Agreement") dated as of June 27, 2005 is entered into by and among Atlantic Yards Development Co., LLC, a New York limited liability company, having an office at c/o Forest City Ratner Companies, One Metrotech Center North, Brooklyn, New York 11201 (the "Project Developer"); Brooklyn Arena LLC, a New York limited liability company, having an office at c/o Forest City Ratner Companies, One Metrotech Center North, Brooklyn, New York 11201 (the "Arena Developer"; collectively, the Arena Developer and the Project Developer, "Developers"), and the following entities also listed on Schedule 1 attached hereto (collectively, the Coalition"):

  • All-Faith Council of Brooklyn (AFCB);
  • Association of Community Organizations for Reform Now (ACORN);
  • Brooklyn United for Innovative Local Development (BUILD);
  • Downtown Brooklyn Neighborhood Alliance (DBNA);
  • Downtown Brooklyn Educational Consortium (DBEC);
  • First Atlantic Terminal Housing Committee (FATHC);
  • New York State Association of Minority Contractors (NYSAMC); and
  • Public Housing Communities (PHC)

- Click Here to view full agreement for this project


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