But it requires better monitoring, new procedures (approve in phases?), and better execution. Plus, legislators and the public must step up. The press, too.
The phase-by-phase approval idea is probably the most actionable takeaway here. When Atlantic Yards got approved as a monolith with a ten-year timeline that everyone knew was unrealistic, it locked in bad incentives from day one. I consulted on a smaller mixed-use project in 2018 where the city insisted on staggered approvals tied to deliverables, and while it frustrated the developer initially, it kept everyone honest about what was actualy feasible.
Interesting, thanks. Can you say anything more publicly about that 2018 project? (Or let me know privately?) I'd be curious about some of the contract language and contingencies.
The phase-by-phase approval idea is probably the most actionable takeaway here. When Atlantic Yards got approved as a monolith with a ten-year timeline that everyone knew was unrealistic, it locked in bad incentives from day one. I consulted on a smaller mixed-use project in 2018 where the city insisted on staggered approvals tied to deliverables, and while it frustrated the developer initially, it kept everyone honest about what was actualy feasible.
Interesting, thanks. Can you say anything more publicly about that 2018 project? (Or let me know privately?) I'd be curious about some of the contract language and contingencies.