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March 27, 2005
Triple Play for New York Teams
How the Nets deal should go according to The NY Times:
A mixed-use development like this could be a shot in the arm for the local economy. The low- and moderate-income housing units would be a big plus, and the developer has agreed to pay fair market value for the railyards at the site. But the city and state are each supposed to contribute $100 million to build streets and sidewalks and prepare the site for development. That's unnecessary: Mr. Ratner should pay his own way. He should also make more of an effort to work with the community.
Posted by at March 27, 2005 7:19 PM