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January 29, 2008

BUILDER CAN NIX NETS PLAN

New York Post
by Rich Calder

Bruce Ratner can pull out of his $4 billion Atlantic Yards project for Brooklyn without penalty, The Post has learned.

That's because the developer never signed binding contracts for the controversial state-approved project or drew on hundreds of millions in government subsidies, officials confirmed yesterday.

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NoLandGrab: Go ahead, Bruce. We dare ya.

Posted by eric at January 29, 2008 9:29 AM