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August 30, 2006
NewYorkGames: Selling the silverware and height
NewYorkGames.org posted links to coverage about Forest City Ratner's sale of assets, corporate restructuring and operating losses from the NJ Nets, and concludes:
They continue to sell off the silverware and otherwise scramble to pay the rent. At stake: a $1 billion bonanza. But how long can this continue before the cash runs out? (Rhetorical question; it is very unlikely any editor will allow a reporter to find out.)
In another post NYG cites coverage of Markowitz's call for a scaleback and comments, "Markowitz is playing 'hardball': he wants Ratner to lop a few floors off of the one on the left. Don't worry, the record would be more than safe."
NoLandGrab: NYG is referring to the fact that even if the project is dramatically downscaled, by say even 30%, it would still be the densest residential community in the nation by a long shot.
Posted by lumi at August 30, 2006 9:11 AM