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	<title>Observer &#187; Waiting for Bruce: The Commercial Observer Tours Atlantic Yards Arena</title>
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		<title>Observer &#187; Waiting for Bruce: The Commercial Observer Tours Atlantic Yards Arena</title>
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		<title>Waiting for Bruce: The Commercial Observer Tours Atlantic Yards Arena</title>

		<comments>http://observer.com/2012/02/waiting-for-bruce-the-commercial-observer-tours-atlantic-yards-arena/#comments</comments>
		<pubDate>Wed, 01 Feb 2012 08:30:20 -0400</pubDate>
					<link>http://observer.com/2012/02/waiting-for-bruce-the-commercial-observer-tours-atlantic-yards-arena/</link>
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		<description><![CDATA[<p>A chauffered Lexus LS sedan pulled up to the corner of Dean Street  and Flatbush Avenue and out slid Bruce Ratner from the back seat. He  was 15 minutes late.<br />
<!--more--></p>
<p><div id="attachment_217059" class="wp-caption alignleft" style="width: 363px"><a rel="attachment wp-att-217059" href="http://www.observer.com/2012/02/waiting-for-bruce-the-commercial-observer-tours-atlantic-yards-arena/lexus-ls-sedan/"><img class="size-full wp-image-217059" title="Lexus LS Sedan" src="http://nyoobserver.files.wordpress.com/2012/01/lexus-ls-sedan.jpg" alt="" width="353" height="200" /></a><p class="wp-caption-text">The Lexus he rode in on.</p></div></p>
<p>In a navy suit with a merino v-neck sweater over a dress shirt with no  tie and an open collar, he was also underdresed for the sunny but windy  chill swirling across the $1 billion Barclays Center that his firm  Forest City Ratner is well into building at the Atlantic Yards site in  Brooklyn.</p>
<p>“I thought it was going to be 50 degrees,” Mr. Ratner said, immediately noticing the cold.</p>
<p>So much at the site hasn’t gone according to plan. Mr. Ratner has waded  through years of lawsuits launched by landowners who were eventually  booted from buildings on the yards via emminent domain, community groups  and others that oppose the 22-acre development. If that wasn’t enough,  the project, one of the largest developments in city, has had to weather  a deep recession and its lingering aftereffects, which have put a  damper on demand and pricing for the 16 residential buildings slated for  the site.</p>
<p>Mr. Ratner managed to break ground on the basketball arena - which will  be home to the Brooklyn Nets - in 2010, just before tax free bonds the  state had permitted him to issue in order to finance the arena’s  construction at below-market interest rates were due to expire. The  timeline for other components of the project, including the construction  of three residential towers that will hug the arena, is less clear.<br />
<!--nextpage-->“I think we’ll break ground sometime this year,” was all Mr. Ratner  would say, referring to the first residential building that is slated to  rise at the site, a tower on the corner of Dean and Flatbush whose base  will cantilever over a rear entrance to the 14,000 seat Barlcays  Center. The first building will be something of a barometer, Mr. Ratner  suggested. The offerings in the other two buildings, he said, be they  studios, one bedrooms, or larger apartments, will be based off the  market’s reception of the spaces that Forest City Ratner will offer in  the first tower.</p>
<p>Mr. Ratner bristled when asked to make further reaching projections of  progress on the Atlantic Yards site. Standing inside the arena and  gazing into its nearly finished bowl of seats, The Commercial Observer’s  gaze couldn’t help but trail farther, through a large entryway being  used by construction vehicles. Beyond was the rest of the site, a  stretch of train tracks and dirt recessed below grade that runs east for  several blocks between Atlantic Avenue and Pacific Street.</p>
<p>“We’re here to talk about the arena,” Mr. Ratner snapped when asked when those portions of the development would begin.</p>
<p>One could forgive Mr. Ratner’s edginess given the opposition he has  faced. Sensing that he had perhaps recoiled a little too fiercely, his  demeanor quickly loosened.</p>
<p>“You have to understand, my words have been twisted around in the past,” Mr. Ratner said.</p>
<p>“And then all of a sudden I’m getting sued,” he added, seeming to refer  to a recent suit by a group of workers who claim they were promised  union jobs by Forest City Ratner for enrolling in a training program,  but subsequently weren’t offered employment.<br />
<!--nextpage-->Mr. Ratner said that the company had studied 16 arenas around the  country, specifically Bankers Life Fieldhouse, formerly Conseco  Fieldhouse, the home of the Indiana Pacers. The problem with most  arenas, such as Madison Square Garden, according to Mr. Ratner is their  elevation, which forces the flow of patrons all in one direction and  creates congestion.</p>
<p>The court at the Barclays Center is below grade, so when fans enter from  ground level, depending on where they sit, they will be split between  heading either up or down to their seats.</p>
<p>“We broke up the flow of traffic,” Mr. Ratner said. “At a place like  MSG, you have everybody heading up at the start of the game and then  down at the end. It creates a jam and it’s confusing. You’re forced to  kind of follow the crowd just to know where you’re going.”</p>
<p>Mr. Ratner also pointed out that games will be partially visible from the plaza in front of the arena.</p>
<p>“It’s going to be the only court in the league where you can literally  watch the game from the street outside,” Mr. Ratner said, pointing out  the arena’s embrace of the surrounding community.</p>
<p><em>Staff Writer Daniel Geiger can be reached at Dgeiger@Observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p>A chauffered Lexus LS sedan pulled up to the corner of Dean Street  and Flatbush Avenue and out slid Bruce Ratner from the back seat. He  was 15 minutes late.<br />
<!--more--></p>
<p><div id="attachment_217059" class="wp-caption alignleft" style="width: 363px"><a rel="attachment wp-att-217059" href="http://www.observer.com/2012/02/waiting-for-bruce-the-commercial-observer-tours-atlantic-yards-arena/lexus-ls-sedan/"><img class="size-full wp-image-217059" title="Lexus LS Sedan" src="http://nyoobserver.files.wordpress.com/2012/01/lexus-ls-sedan.jpg" alt="" width="353" height="200" /></a><p class="wp-caption-text">The Lexus he rode in on.</p></div></p>
<p>In a navy suit with a merino v-neck sweater over a dress shirt with no  tie and an open collar, he was also underdresed for the sunny but windy  chill swirling across the $1 billion Barclays Center that his firm  Forest City Ratner is well into building at the Atlantic Yards site in  Brooklyn.</p>
<p>“I thought it was going to be 50 degrees,” Mr. Ratner said, immediately noticing the cold.</p>
<p>So much at the site hasn’t gone according to plan. Mr. Ratner has waded  through years of lawsuits launched by landowners who were eventually  booted from buildings on the yards via emminent domain, community groups  and others that oppose the 22-acre development. If that wasn’t enough,  the project, one of the largest developments in city, has had to weather  a deep recession and its lingering aftereffects, which have put a  damper on demand and pricing for the 16 residential buildings slated for  the site.</p>
<p>Mr. Ratner managed to break ground on the basketball arena - which will  be home to the Brooklyn Nets - in 2010, just before tax free bonds the  state had permitted him to issue in order to finance the arena’s  construction at below-market interest rates were due to expire. The  timeline for other components of the project, including the construction  of three residential towers that will hug the arena, is less clear.<br />
<!--nextpage-->“I think we’ll break ground sometime this year,” was all Mr. Ratner  would say, referring to the first residential building that is slated to  rise at the site, a tower on the corner of Dean and Flatbush whose base  will cantilever over a rear entrance to the 14,000 seat Barlcays  Center. The first building will be something of a barometer, Mr. Ratner  suggested. The offerings in the other two buildings, he said, be they  studios, one bedrooms, or larger apartments, will be based off the  market’s reception of the spaces that Forest City Ratner will offer in  the first tower.</p>
<p>Mr. Ratner bristled when asked to make further reaching projections of  progress on the Atlantic Yards site. Standing inside the arena and  gazing into its nearly finished bowl of seats, The Commercial Observer’s  gaze couldn’t help but trail farther, through a large entryway being  used by construction vehicles. Beyond was the rest of the site, a  stretch of train tracks and dirt recessed below grade that runs east for  several blocks between Atlantic Avenue and Pacific Street.</p>
<p>“We’re here to talk about the arena,” Mr. Ratner snapped when asked when those portions of the development would begin.</p>
<p>One could forgive Mr. Ratner’s edginess given the opposition he has  faced. Sensing that he had perhaps recoiled a little too fiercely, his  demeanor quickly loosened.</p>
<p>“You have to understand, my words have been twisted around in the past,” Mr. Ratner said.</p>
<p>“And then all of a sudden I’m getting sued,” he added, seeming to refer  to a recent suit by a group of workers who claim they were promised  union jobs by Forest City Ratner for enrolling in a training program,  but subsequently weren’t offered employment.<br />
<!--nextpage-->Mr. Ratner said that the company had studied 16 arenas around the  country, specifically Bankers Life Fieldhouse, formerly Conseco  Fieldhouse, the home of the Indiana Pacers. The problem with most  arenas, such as Madison Square Garden, according to Mr. Ratner is their  elevation, which forces the flow of patrons all in one direction and  creates congestion.</p>
<p>The court at the Barclays Center is below grade, so when fans enter from  ground level, depending on where they sit, they will be split between  heading either up or down to their seats.</p>
<p>“We broke up the flow of traffic,” Mr. Ratner said. “At a place like  MSG, you have everybody heading up at the start of the game and then  down at the end. It creates a jam and it’s confusing. You’re forced to  kind of follow the crowd just to know where you’re going.”</p>
<p>Mr. Ratner also pointed out that games will be partially visible from the plaza in front of the arena.</p>
<p>“It’s going to be the only court in the league where you can literally  watch the game from the street outside,” Mr. Ratner said, pointing out  the arena’s embrace of the surrounding community.</p>
<p><em>Staff Writer Daniel Geiger can be reached at Dgeiger@Observer.com</em></p>
]]></content:encoded>
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