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January 19, 2007
Barclays, Nets in arena deal
Chicago Tribune
The Trib's blurb on the Barclays deal highlights what has become a trend in Bruce Ratner's dealing with public disclosure about the nature of the Atlantic Yards deal (emphasis added):
A British bank will spend about $400 million over the next 20 years to put its name on the Nets' planned Brooklyn arena.
...
He declined to say how much London-based Barclays paid to attach its name to the complex. Bank executives and city officials described the investment as "more than $300 million."
NoLandGrab: This extravagant announcement is still shrouded in secrecy, like many aspects of the project.
The point is that NO ONE, except for Forest City Ratner, knows how much profit he stands to make, though the public investment is well over a billion dollars.
Posted by lumi at January 19, 2007 8:49 AM