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Economic Benefits Include Jobs and Tax Revenue
Photos by Nelson Bakerman

FCRC does not just build buildings–it also builds opportunity by creating construction jobs as well as permanent jobs, and contributing to the overall economic vitality of our communities.

At a development cost of $4 billion, Atlantic Yards will be the largest private investment in Brooklyn's history. As renowned sports economist Andrew Zimbalist has noted, Atlantic Yards will be an economic engine for Brooklyn, the city and the state, generating more than $5.6 billion in tax revenues (170 KB pdf file) over the next 30 years.

The development will bring renewed investment to an underutilized area, create thousands of homes and jobs for Brooklyn’s working families, and add billions of dollars in new tax revenues, which can be used to improve vital city services and contribute to the borough’s continuing renaissance and evolving economy.

Atlantic Yards will create opportunities for new businesses, spur economic growth for existing local establishments and generate a new economic center for Brooklyn. Atlantic Yards is not just an investment for today–it is a long-term investment in Brooklyn's future.

Atlantic Yards Supporter, Senator Charles Schumer

“Its more than just basketball. It’s a dream, it’s jobs and it’s housing.”

- Senator Charles Schumer


Economic Benefits

- Over $5.6 billion in new tax revenues to the city and state over 30 years

- Over 18,000 jobs:

  • 15,000 union construction jobs
  • Between 1,500 and 6,400 office jobs
  • 770 retail jobs
  • 400 arena jobs
  • 70 hotel jobs

- Over 6,400 housing units for Brooklyn


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