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April 4, 2006

Fewer seniors can pay the price after project's costly shift

Some new developments will leave many potential buyers with few choices

Staten Island Advance
By Karen O'Shea

Forest City Ratner was recently dropped from a controversial Staten Island development for seniors:

Rapfogel said his organization and Forest City Ratner parted amicably when it became clear that the cost of the Staten Island project was likely to be higher using the busy development company, which is currently pursuing a plan to build a sports arena in Downtown Brooklyn for the New Jersey Nets of the National Basketball Association.

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Posted by lumi at April 4, 2006 7:58 AM