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March 21, 2008
Favorable Atlantic Yards News For Ratner [a Dreamer]; Will Get Bonds
Brooklyn Daily Eagle
Up there with "Dewey Defeats Truman," Dennis Holt's report that Bruce Ratner has secured scarce affordable-housing bonds has been greatly exaggerated:
If all this wasn’t bad news enough for the Yards opponents, the state housing authorities announced late last week that four developers will receive the state’s allocation for tax exempt bond housing funds. One of those was Forest City for Atlantic Yards.
(This is critical, since it makes it easier for Forest City to honor its housing commitments up front, and those, along with the sports arena, are the project’s strongest political pluses.)
NoLandGrab: The Eagle scooped all other publications with this incredible bit of news, which no one we know has been able to confirm. This makes one wonder if Holt's source wasn't actually the state housing authority — or if maybe he received this exclusive in a dream.
Posted by lumi at March 21, 2008 4:46 AM