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February 8, 2008
Ex-MTA Chief Sees Big Obstacles to West Side Development
NY Sun
By Peter Kiefer
Maybe developer Bruce Ratner doth protest too much.
If Ratner's complaint in court documents that the Atlantic Yards lawsuits are threatening the financial viability of the project was meant to simply be a legal strategy, then he can't be happy that reporters have been repeating this claim as evidence that the market is slowing:
New York's real estate market is showing signs of a downturn. Governor Spitzer recently scrapped plans for proposed expansion of the Javits Center, and court filings have questioned the financial viability of developer Bruce Ratner's Atlantic Yards project.
This excerpt was from an article previewing an ex-MTA chairman's opinions and testimony before the NY City Council next week.
Posted by lumi at February 8, 2008 5:22 AM