« Marty goes on the record on Barclays | Main | Nets may stay in N.J. until 2010 »
March 9, 2007
Atlantic Yards to take 15 years?
MetroNY
By Patrick Arden
After these startling revelations...
Forest City Ratner claims it will take 10 years to construct its Atlantic Yards development, with an arena opening for the 2009-10 basketball season.
But earlier this week Chuck Ratner, cousin of Bruce and CEO of FCR’s parent company Forest City Enterprises, stated that it would take longer.
“This is going to be a 15-year buildout,” Chuck Ratner said at the Citigroup 2007 Property CEO Conference in Naples, Fla. The arena would open by the 2010 season, he added.
...the PR department got creative:
“When I referred to the project taking 15 years to build I was referring to the total time, from the idea or conception of the development to completion of the final building,” he said in the statement. “The actual construction of Atlantic Yards will take 10 years and, as we have announced, preliminary work on the site has begun.”
Posted by lumi at March 9, 2007 7:32 AM