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January 17, 2007
The faces, attitudes and ages of NBA owners are changing: old school, new school
Contra Costa Times
By Marcus Thompson II
An article about the newest crop of NBA owners has this tidbit about Bruce Ratner and Atlantic Yards that's news to us (emphasis added):
Bruce Ratner, a 61-year-old real estate developer who had hip-hop icon Jay-Z's help paying $300 million for the Nets, is planning to privately fund a $4 billion, 22-acre complex that includes an 18,000-seat arena, a housing complex, a hotel, a shopping center and skyscrapers for office buildings.
NoLandGrab: Bruce Ratner doesn't privately fund any of his projects, but his PR department is doing a great snow job on the media.
Public spending for Atlantic Yards could reach $2 billion, only we don't know the exact amount because NY State and Ratner consider that top-secret information crucial to their "negotiations."
Posted by lumi at January 17, 2007 7:57 AM