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February 25, 2006
RATNER IN FULL-COURT $$ PRESS
New York Post:
Time is money — and court delays to a planned NBA arena in Brooklyn are costing developer Bruce Ratner a small fortune, project executives say in affidavits.The state and Forest City Ratner officials are pleading to the courts to reverse a recent legal decision they say has brought the $3.5 billion project "to a screeching halt."
...
Ratner claims in court papers to be spending a whopping $2.5 million a month on the property his company has already acquired — "a figure that does not include legal fees and also does not include the operating losses that the Nets basketball team [that Ratner owns] . . . continues to incur."
Posted by amy at February 25, 2006 11:48 AM