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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... 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 had a lot of fun with all those fruitless Ground Zero... 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 few legal challenges opponents of the project and holdout landowners had thrown at the state in an attempt to block,... 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.... READ MORE»
The footprint of the planned new Nets arena in Brooklyn looks like a construction site.... 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 bonds to help finance the new $900 million Nets basketball... READ MORE»
Could the Atlantic Yards saga be near its... READ MORE»
Doubts are fading for Bruce Ratner's new Nets arena planned for Brooklyn. Mr. Ratner, owner of the Nets, has successfully marketed $511 million in tax-free bonds to build the arena, clearing the largest remaining hurdle to the project. Mr. Ratner's firm, Forest City Ratner, announced the news Tuesday afternoon, saying the bonds were priced at 6.48... 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... READ MORE»
Are the naming rights for Bruce Ratner's planned Nets arena worth what they used to be? In January 2007, Mr. Ratner, Nets owner and developer of the planned $4.9 billion Atlantic Yards project in Brooklyn, trumpeted a record-setting naming rights deal for the new $900 million basketball arena that would be the centerpiece of the... READ MORE»
Atlantic Yards slipped in just above junk bond status today, when Moody's gave the project an Baa3 rating, the lowest rung of investment-grade... READ MORE»
More than three years after a legal battle over property takings in Brooklyn began, it's now come to a close. New York's highest court issued a ruling Tuesday morning that upholds the state's use of eminent domain in the $4.9 billion Atlantic Yards project, planned home of 15 apartment towers and a new basketball arena for the... READ MORE»
At a topping-off ceremony for his Beekman Tower yesterday, 80-year old architect Frank Gehry took to the podium and made one of those slightly randy jokes that men can get away with when they're 80. Mr. Gehry pointed his finger upright toward the 76-tower residential complex and bluntly proclaimed: "No... READ MORE»
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During its six years in the court of public opinion, this much has been certain about the planned Atlantic Yards project: It's not without... READ MORE»
