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September 13, 2005
MTA unit backs Ratner's deal for Nets arena
NY Daily News
by Paul D. Colford
Do the $100 million deal with Ratner.
That's what the MTA real estate division recommended yesterday to agency board members, who are expected to vote tomorrow on developer Bruce Ratner's sweetened bid to build a Nets arena in Brooklyn.
The written summary of negotiations between the Metropolitan Transportation Authority and the Forest City Ratner Cos. confirms that the developer doubled his original July offer of $50 million to build atop the Atlantic Ave. railyards.
Posted by lumi at September 13, 2005 8:36 AM