good news for brooklyn

If there's any silver lining to the credit crunch and the ensuing tumult in the markets, I suppose this would qualify.
According to today's Times, the slowing economy threatens to stall the infamous Atlantic Yards project in Brooklyn. As far as I'm concerned, as upsetting as this must be for the Ratner-Gehry contingent behind the mega-project, this is fantastic news. As an architect partial to the Mega as a means of enacting major urban and, potentially, social changes (that ever-elusive Progress), I must admit some measure of excitement about such the opportunities afforded by such a large project. And as a realist, I can't deny that something must, will -- and should! -- happen on this site, at this bustling yet oddly vacant junction of Flatbush and Atlantic Avenues. The real-estate is just too valuable to let it sit unused, and the City and the Borough desperately need the housing (if not the sports arena...). But as a resident of a neighborhood directly adjacent to the Atlantic Yards site, I can't help but rejoice at this particular side-effect of the market's downward spiral. Yes, something will happen at Atlantic Yards. But it doesn't have to be that. If nothing else, it looks as if the credit crunch has bought us all a little more time.

link: "Slow Economy Likely to Stall Atlantic Yards" by Charles V. Bagli, in the New York Times


Update: Nicolai voices his thoughts on the matter. It's difficult to understand exactly what point he is trying to get across.