From Gothamist:After months of speculation, the MTA announced that the Long Island Rail Road improvements proposed at the Atlantic Yards development will be less grand than planned. Instead of nine rails, there will be seven, and the MTA is also expecting less money from developer Bruce Ratner. The Post reports that the MTA "allowed Ratner to renegotiate because the national credit crunch was making it difficult to finance the 22-acre plan to build an NBA arena and 16 office and residential towers in Prospect Heights." To refresh your memory, back in 2005, Ratner won the MTA's land—called the Vanderbilt Rail Yard—after bidding $100 million, which was $50 million less than a rival bid (the land is appraised at over $200 million). It's unclear how much Ratner will end up paying the MTA (rumor is $50 million!)
6 comments:
Rat Bastid!
Rattner is watching his empire crumble. He is a scumbag suffering from the real estate boom he helped to create. Now he is tryin to widdle away like a maggot from a flame.
Bend over Bruce...it's your turn now!
P.S.
If you're nice I'll use some jiffy lube!
If he cannot pay it - take it back idiots!
Will ya look at Brucie in that tacky shiny black on black striped suit and color coordinated black tie sporting a David Berkowitz type grade school punk's smile.
He looks like a deranged deacon of death from the church or real estate abusers!
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