State waives $5.25M in Atlantic Yards fines after developer threatens lawsuit 

New York State decided not to collect millions in fines from Greenland USA for blowing past affordable housing deadlines at the long-delayed Atlantic Yards redevelopment after the developer threatened to sue if the state tried. The Chinese firm was supposed to deliver nearly 900 affordable units by the end of May under a 2014 settlement, or face $1.75 million in monthly penalties — $2,000 per incomplete unit. But 11 years later, Greenland hasn’t even broken ground on the railyard platform where many of those apartments were planned, Gothamist reported.  Instead, Empire State Development officials told a local task force earlier […]This article originally appeared on The Real Deal. Click here to read the full story.