From the Daily News:After years of lording over Atlantic Yards, Brooklyn developer Bruce Ratner is looking for some help to get his apartment towers off the ground.
Ratner's Forest City Ratner Co. is now seeking to sell a 50 to 80 percent stake in the 22-acre development's housing component.
This is not the first time Ratner has sold a stake in portions of the Atlantic Yards project. In 2009, he sold a stake in both the Brooklyn Nets and their arena, the Barclays Center, to Russian billionaire Mikhail Prokhorov, raising more than $200 million to get the arena built. He also sold off a 49 percent stake in 15 of the company's retail centers in the metropolitan region, including the Atlantic Center mall across the street from the arena, to raise cash toward construction.
4 comments:
why use your own cash to build something, when you can use someone else's?
How does this guy get away with "promising jobs" then putting up imported slap up pre-fab modular crap. (painted up by some decorators in the Brooklyn Navy yard so all can pretend)
Anonymous said...
How does this guy get away with "promising jobs" then putting up imported slap up pre-fab modular crap. (painted up by some decorators in the Brooklyn Navy yard so all can pretend
POLITICIANS AND PRESS NOT DOING THEIR JOB.
The only people that have real jobs under Ratner's pre-fab euroshit are perhaps a couple crane operators, painters, IATSE, blackfoot's and electricians. All father & Son closed unions
Everybody else is locked out. Meanwhile 1000's of people lost there homes so these private "MOBS" can have job security.
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