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September 13, 2005
CRITICS CRY FOUL IN BID TO DERAIL MTA'S NETS DEAL
The NY Post
by Patrick Gallahue
Opponents of Bruce Ratner's plan to relocate the New Jersey Nets to Brooklyn lashed out yesterday in a letter to Metropolitan Transit Authority Chair Peter Kalikow.
The angry missive claims the developer's offer for the rights to build an arena and high-rise condos on the site of the Atlantic Rail Yards fails to meet the MTA's criteria.
Co-signed by the Citizens Union, the New York Public Interest Research Group and others, the letter says Ratner's $50 million bid does not include requested statements about the project's financing or his expected return over 20 years.
Posted by lumi at September 13, 2005 8:35 AM