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March 21, 2006

Ratner to investors: AY approval expected by fall, Nets losses downplayed, 15-year buildout?

Atlantic Yards Report tunes into the webcast of the Forest City Ratner special investor event to learn more about the world according to Ratner.

Is the Atlantic Yards project on track? Despite delays from the original plan to open the arena in the fall of 2006, Forest City Ratner president and CEO Bruce Ratner told investors in the parent Forest City Enterprises that he expects goverment approval by mid-fall and construction to commence a few months after that. Ratner, sounding jovial and confident, also deflected concerns about losses suffered by the New Jersey Nets, saying he was confident the team would make money when it moved to Brooklyn. (Photo from Forest City Ratner web site.)

Ratner participated in a special investor event on 3/13/06. His portion goes from 1:22 to 1:54, but keep listening for another two minutes for an eminent domain anecdote. An investor conference call is scheduled for March 31.

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Posted by lumi at March 21, 2006 5:36 PM