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September 10, 2005
Nets close in on their Brooklyn property
The Newark Star-Ledger
by Matthew Futterman
On the Ratner-MTA negotiations:
The two sides have been locked in exclusive negotiations for six weeks and had until today to reach a deal. Earlier this week, Ratner doubled his original offer for the rail yard to $100 million. While neither side would comment on the negotiations, the MTA set a special board meeting for Wednesday to consider Ratner's proposal. The state agency usually only makes such a move after it has reached a deal.
Posted by lumi at September 10, 2005 8:42 AM