To different degrees, the very same economic challenges facing Atlantic Yards are impacting real estate projects both big and small throughout the five boroughs. As the Metropolitan Transportation Authority faces a budget crisis, long-planned developments, such as the Fulton Street Transit Center, have faced dramatic delays and less ambitious revisions. The original plans for Hudson Yards have been thrown into disarray, while the construction of individual apartment buildings in Queens and Brooklyn have simultaneously been put on hold due to a lack of available financing. Read the full article at the original source (Gotham Gazette)…

Added to EveryBlock on April 28, 2008.