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December 9, 2006

Trojan Nets for Sale?

Develop Don't Destroy Brooklyn

The "Atlantic Yards" project:
First it was about jobs, but most of them disappeared

Second it was about affordable housing, but most of it won't be

Third it was about a pro team returning, but they're already halfway out the door

Fourth it was about $1 billion in private profits...and *that* continues You ask: the Nets are already out the door? What? Well, take a look at the latest post from Atlantic Yards Reporter Norman Oder:

Nets for sale? Revised ESDC document gives Ratner an out

There's a tantalizing hint in the revised Atlantic Yards General Project Plan (GPP) issued today by the Empire State Development Corporation (ESDC) that the money-losing New Jersey Nets might be for sale before the planned Brooklyn Arena opens in 2009.


...
Could Bruce Ratner have bought the Nets simply to get clearance for his real estate land grab, as well as eminent domain and then sell them? Wouldn't surprise us.

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Posted by amy at December 9, 2006 11:01 AM