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January 18, 2007

"That Money Has to Come From Somewhere"

ArenaCost.jpgDevelop Don't Destroy Brooklyn congratulates Forest City Ratner for their masterstroke and cites quotations from Deputy Mayor Dan Doctoroff in the Times explaining why Brooklynites are feeling used these days.

“The idea of using Brooklyn and New York to build a global brand is one that we think is a very wise investment.” — Dan Doctoroff, Deputy Mayor, NYC

And, um, somehow the Times missed the last price hike and pegged the arena cost at "$550 million, whereas since July, 2006 the developer and the Empire State Development Corporation (ESDC) have stated that the price tag is $637 million."

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Posted by lumi at January 18, 2007 10:04 AM