Wednesday, April 6, 2011
$300M down the drain, people evicted for nothing?
From Fox 5:
The Atlantic yards complex that will become the new home for the NBA's Nets could be a lot smaller than originally planned.
The developer had promised 16 residential and office buildings, affordable housing, and recreational facilities along with the stadium.
Much of that vision is on the chopping block. Documents filed with the Securities and Exchange Commission by developer Bruce Ratner and his Forest City Enterprises show that much of the project could be scrapped because of money problems.