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Work stops at Atlantic Yards as partners fight over cost
Ryan Hutchins
Work stopped Tuesday on the first residential building at Atlantic Yards in Brooklyn as a dispute over the tower’s rising costs spilled into public view.
The decision by the general contractor, a subsidiary of Swedish group Skanska AB, to halt work on the project came even as its partners threatened to take legal action if the company went through with furloughing employees at a factory where pieces of the building are assembled, according to a letter obtained by Capital.
In the letter sent Tuesday to Richard Kennedy, chief operating officer of Skanska USA, a lawyer representing a subsidiary of developer Forest City Enterprises said any such action would violate their corporate agreement. The companies are partners in a joint venture that runs the factory.
http://www.capitalnewyork.com/article/city-hall/2014/08/8551523/work-stops-atlantic-yards-partners-fight-over-cost?top-featured-3