Yesterday, elected officials and community leaders launched a campaign to reform the governance of the Atlantic Yards development. The campaign centers around proposed state legislation that would create a development trust, made up of high-level political appointees, and a stakeholder council appointed by local officials. For more, see here and here.
It's hard to say whether this type of development trust might be successful in the Atlantic Yards situation, but the proposal does point out the the oversight provisions in the CBA have not succeeded in satisfying stakeholders and officials.
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