Atlantic Yards in trouble?

from this morning's GlobeSt (3/25):

Last updated: March 25, 2008 08:55am

Economy Could Stall Atlantic Yards Project
By Natalie Dolce

"NEW YORK CITY-Recent published reports indicate that the slowing economy is likely to delay Forest City Ratner's proposed $4-billion Atlantic Yards project in Prospect Heights, Brooklyn, but a Forest City Ratner spokesperson tells GlobeSt.com that today’s business environment "will not determine the final face of this project or deny the borough and the city its many benefits, including the thousands of units of affordable housing."

The published reports quote Ratner as saying that construction on a $950-million basketball arena for the Nets would start by the end of the year. The arena was to be surrounded by the office tower, known as Miss Brooklyn, and three residential buildings in the first phase of the project." ...

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