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March 11, 2006

Ratner-ACORN deal is finalized

Brooklyn Papers:

Bruce Ratner has finalized a long-standing promise that his $3.5-billion arena and residential project would be linked to 600-1,000 below-market-rate condo units.

But the question is where.

Under Ratner’s agreement with the housing group ACORN, the units can be built anywhere in Brooklyn — and that has opponents screaming that the project would do nothing to solve the ghettoization of Brooklyn.

“We shouldn’t be segregating homeowners by class,” said Councilwoman Letitia James (D-Prospect Heights).

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Posted by amy at March 11, 2006 10:00 AM