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"Barclays has made a long-term commitment to Brooklyn and the Atlantic Yards development and in a very difficult economic environment has renewed that commitment," said Brett Yormark, CEO of the Nets. "Congressman Pascrell has long expressed his support for working families and one would hope that applies to the men and women of Brooklyn who will benefit from the much needed boost to the borough's economy, the thousands of new jobs and the affordable housing that will be part of the Atlantic Yards project. I can understand the Congressman's interest in keeping the Nets in New Jersey but I do not think he understands fully what this project means in terms of jobs and housing and the benefits for the entire region."
FCE also bought a mall in Denver. A mall Yes, a mall It's a Lifestyle center!
Quote from: MyTwoSense on April 01, 2009, 11:15:11 PMFCE also bought a mall in Denver. A mall Yes, a mall It's a Lifestyle center!You sure they BOUGHT a mall? I think I read recently that they would be taking over management of a mall in Denver.
Haha. I was about to extract all of your "citation demands" on other people, but then realized UO is controlling my day.
I had no idea it was this bad. I am sending them my extra jar of gray poupon.
A panel of four New York appellate judges ruled that Forest City Ratner's use of eminent domain to take private property to build a new home for the Nets does not violate the state Constitution.
Looks like Atlantic Yards has cleared some legal hurdles (3+ years) over the use of eminent domain. Tax exempt bonds are being sold to finance part of the project, just in case some one was interested in supporting RMS.Atlantic Yards Project in Brooklyn Clears Legal HurdleBY Charles BagliNY TimesThe last major obstacle to a groundbreaking for the $4.9 billion Atlantic Yards development in Brooklyn fell Tuesday when New York’s highest court, the Court of Appeals, dismissed a challenge to the state’s use of eminent domain on behalf of the developer, Bruce C. Ratner.“Once again the courts have made it clear that this project represents a significant public benefit for the people of Brooklyn and the entire city,” Mr. Ratner said. “Our commitment to the entire project is as strong today as when we started six years ago. Today, however, this project is even more important given the need for jobs and economic development.”Full article at: [url=http://www.nytimes.com/2009/11/25/nyregion/25yards.html?hp]http://www.nytimes.com/2009/11/25/nyregion/25yards.html?hp[/url]