New York state’s economic authority is again waiving millions of dollars in penalties against the developer behind Brooklyn's stalled Atlantic Yards project after it failed to meet yet another deadline for delivering hundreds of affordably priced apartments at the site.

The companies that control the development just east of the Barclays Center faced more than $1.75 million in fines for failing to construct 876 units of affordable housing by May of this year, under the terms of a 2014 legal agreement . But as the previous deadline approached, New York’s Empire State Development instead opted to lift the fines — which would by now total more than $5.25 million — as long as the controlling company transferred development rights by Aug. 1.

Under its legal agreement, Empire State Developme

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