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July 23, 2005

Rival Bid Tops Ratner's Offer to Develop Brooklyn Site

extellratner.jpg The NY Times
by Charles Bagli

A rival bidder to Bruce Ratner, the developer, has made a $150 million cash offer for development rights at the Atlantic railyard in Downtown Brooklyn, three times the amount Mr. Ratner bid for the property, where he proposes a $3.5 billion tower complex that includes a basketball arena for the Nets, stores, parks and 6,000 apartments.


More coverage:

NY1: MTA Releases Details Of Competing Bids For Brooklyn Rail Yards

1010WINS: MTA Unveils Brooklyn Railyard Bid Details

Posted by lumi at July 23, 2005 7:54 AM