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March 9, 2007

FCR offers clarification on AY timetable; is it credible?

Atlantic Yards Report

Metro NY follows up on my report yesterday that Forest City Enterprises CEO Chuck Ratner told investment analysts that Atlantic Yards would take 15 years to build, rather than 10, and that the arena wouldn't open until 2010, rather than a year earlier.

The question is whether Forest City Ratner's clarification is credible.

Chuck Ratner's clarifications make little sense; nevertheless, Norman Oder carefully scrutinizes Bruce's cuz's comments for clues to his veracity.

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Posted by lumi at March 9, 2007 8:09 AM