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March 8, 2004
FCR Pushes for Arena Memorandum
From Crains New York Business:
Forest City Ratner hopes to sign a Memorandum of Understanding within the next month with State, City and MTA officials for its new sports arena complex in Downtown Brooklyn.
The Memorandum will outline the responsibilities of each entity, timetable, and the developer's access right to the Downtown Brooklyn Railyard. The developer is also trying to delay City Council hearings, one insider says, so that it is clear that the project will proceed under State rules. The Council's Economic Development Committee had planned hearings this month.
Posted by lumi at March 8, 2004 10:52 AM