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Second Department Evaluates Alternative Undertakings Used at Atlantic Yards

n a 3-2 split decision, a Second Department panel has ruled that the strictures of New York Lien Law § 5 were satisfied when initial developer Forest City provided a "completion guaranty," rather than a bond or other typical form of undertaking, for the Atlantic Yards B2 Residential Project in Brooklyn next to the Barclays Center arena.

6 minute read December 01, 2016 at 01:36 PM
By
Jennifer Kavney Harvey
Second Department Evaluates Alternative Undertakings Used at Atlantic Yards

In a 3-2 split decision, a Second Department panel has ruled that the strictures of New York Lien Law § 5 were satisfied when initial developer Forest City Ratner Cos.

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