Since he launched The Atlantic Yards Report in 2006, Norman Oder has written 3,747 blog posts on the contentious Brooklyn development project. It’s probably enough to fill an encyclopedia, let alone a lowly paperback.
But that is exactly what Mr. Oder is setting out to do, when he announces later today—in his 3,748th Read More
Officially, Mikhail Prohkorov owns the Nets.
Following Tuesday’s approval from the NBA’s Board of commissioners, the Russian billionaire today closed on a deal with developer Bruce Ratner to buy the Nets for $200 million (and fund tens of millions in losses), according to a joint statement put out by Mr. Ratner’s Forest City Ratner and Read More
There was an odd feel to Thursday afternoon’s Atlantic Yards groundbreaking—one that felt almost as though it wasn’t 2010, but rather, say, 2007, when the economy was vibrant and projects were popping up around the city.
A giant white party tent at the site of the Nets basketball arena-to-be in Prospect Heights quickly became filled Read More
Break out the virgin shovels and the pile of pre-loosened dirt.
After years of delays–which saw a host of courts rule on a litany of lawsuits–Bruce Ratner isn’t wasting any time holding a groundbreaking for Atlantic Yards. (If he saw last week’s 60 Minutes, Mr. Ratner might feel vindicated in waiting; the program Read More
The property seizures necessary for a new Brooklyn Nets basketball arena have been approved by a judge, clearing a path for a groundbreaking on the $4.9 billion Atlantic Yards project.
The action, for which the Brooklyn judge granted a state petition seeking the title of properties within the project’s footprint, is one of the final Read More
A former City Council member in Yonkers and two others were indicted Wednesday on charges of corruption in a case with apparent links to Brooklyn development firm Forest City Ratner. The investigation by the U.S. Attorney’s office centers around Yonkers Councilwoman Sandy Annabi, and two individuals who allegedly helped convince her to sell her votes on Read More
Bruce Ratner has another year to raise $324 million. Read More
If Atlantic Yards is Bruce Ratner’s Odyssey, he’s approaching Ithaca.
More than six years after the ambitious project was unveiled to the world, the Brooklyn developer announced Wednesday that he had completed a “master closing” for the project, executing mountains of contracts with numerous governmental agencies and finalizing the financing of $511 million in tax-free Read More
Could the Atlantic Yards saga be near its end?
This morning, tax-exempt bonds for Bruce Ratner’s controversial Brooklyn arena sold like there was nothing to worry about—$511 million dollars worth in two hours. And Mr. Ratner could have sold more, according to The Times, which says the demand far Read More
The latest quarterly filing from Forest City Enterprises–parent company of Atlantic Yards developer Forest City Ratner–is in, and there’s a few points worth noting:
-The company’s efforts to start construction on the Nets arena faces another previously unreported hurdle: Forest City stopped sending in required payments on a $162 million loan–the mortgage on Read More