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December 22, 2006
Forest City wins big in Brooklyn
Pittsburgh Business Times
By Dan Reynolds
NY State's formal approval of Atlantic Yards in Brooklyn hasn't escaped notice in Pittsburgh, where Forest City Enterprises just lost a real open-bidding process to build a giant slot machine parlor:
The owners of Pittsburgh's Station Square entertainment complex rebounded Thursday after a tough loss.
Cleveland-based Forest City Enterprises Inc. on Wednesday found that it had lost its bid to build a casino at Station Square. But Thursday, Forest City announced that its plan for a 22-acre residential and entertainment development in Brooklyn, N.Y. was approved by New York's Public Authorities Control Board.
...
The project is led by Bruce Ratner, a cousin of Albert Ratner, the co-chairman of Forest City Enterprises who took an active role in trying to win a $50 million casino license in Pittsburgh.
Posted by lumi at December 22, 2006 6:23 AM