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March 18, 2005

Budget office greenlights Yards study

From the Brooklyn Papers:

A spokesman for the city’s Independent Budget Office told The Brooklyn Papers this week that the agency finally has a starting point to analyze the public benefit of developer Bruce Ratner’s proposed basketball arena, housing and office development in Propsect Heights.

“Now that there’s an MOU we have a good place to start — we know now what the agreed upon parameters of state and city are,” said IBO spokesman Doug Turetsky, referring to the memorandum of understanding signed last week by city, state and Forest City Ratner officials.

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Posted by amy at March 18, 2005 11:01 PM