Sometime in late 2003, a Brooklyn activist asked State Assemblyman Roger Green what he thought about developer Bruce Ratner, who was about to propose a massive housing development and new basketball arena for Central Brooklyn.
“You’ve got your Bull Connors and you’ve got your Robert Kennedys, and you are going to treat them differently. Read More
Since Sunday, the Cleveland Plain Dealer has been running an all-out series on Forest City Enterprises, the nation’s largest publicly traded real estate company of which our own little Forest City Ratner (MetroTech, the new Times tower, Atlantic Yards) is just a small part.
They spend a few paragraphs on Forest City’s Read More
A Nets arena opponent writes:
go to the New York Times and in the search, search ‘Atlantic Yards’ or ‘Ratner’
and look what you get up top, an ad for BUILD.
Apparently this is where at least a few thousand of Forest City’s $138,000 contribution to BUILD is going: on your computer screen.
Hey, it Read More
Forest City Ratner just issued a press release coming clean with just how much the developer has given to community groups supporting its Atlantic Yards project: $138,000 to BUILD, which is supposed to run job training programs, and $50,000 to the Downtown Brooklyn Neighborhood Association, which is supposed to set up Read More
The MTA board will vote Wednesday on whether to sell air rights over one of its rail yards in Brooklyn to Forest City Ratner for its Atlantic Yards project. A memo to board members makes it official: the MTA managed to wheedle $100 million out of the developer. That’s twice Read More
The Times reports that Forest City Ratner has doubled its offer for the MTA rail yard on which it wants to build part of its Atlantic Yards complex in Brooklyn–basketball arena, offices, retail and housing. The story cites unnamed transportation officials who doubted whether Ratner’s rival, Extell Development Company, included a new rail Read More
What does the “secret” memo, circulated among the city, state and Forest City Ratner and uncovered by anti-Ratner Brooklyn group Develop Don’t Destroy Brooklyn on Aug. 17, really mean?
The Real Estate is less surprised than The Sun and the Brooklyn Papers (pdf) that the city didn’t give this Read More
So the foregone conclusion in downtown Brooklyn is almost concluded: developer Bruce Ratner is sort-of guaranteed to be the buyer of the Vanderbilt Yards in Downtown Brooklyn.
That is: the M.T.A. voted yesterday to negotiate exclusively with Ratner, though it plans to seek more money from him in the deal.
But if Read More
So, there’s been some time now to evaluate the competing bids to develop the Atlantic Yards in downtown Brooklyn. Here’s how it looks to The Real Estate:
Cash up front
FOREST CITY RATNER: $50 million
EXTELL: $150 million
Estimated cost of covering yards
FOREST CITY RATNER: $99 million
EXTELL: $108 million Read More
On a January day last year, about 30 activists walked into a windowless boardroom, high over downtown Brooklyn, belonging to Forest City Ratner Companies.
“Is Bertha going to start something?” one of the Forest City executives asked the group. The activists—members and employees of the Association of Community Organizations for Reform Now—were more used to Read More