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May 5, 2008
Developer: Atlantic Yards 'moving forward in its entirety'
Associated Press via Newsday
Is the financing for Atlantic Yards looking shaky? Developer Bruce Ratner can't find an anchor tenant for his office tower? Opposition to the project is keeping things from moving ahead? Ratner shuts his eyes tight and proclaims: "No problem."
A developer says lawsuits and the wobbly economy have slowed his plan to transform Brooklyn with an NBA Nets arena and a slate of skyscrapers. But Bruce Ratner says he aims to break ground on the arena this year.
He says he'll build the entire $4 billion Atlantic Yards project by 2018.
Ratner writes in a guest column in Sunday's Daily News that "the project is moving forward in its entirety," though not "as fast as we would like."
The Nets initially hoped to move into the arena for the 2009-2010 season. They are now eying sometime in 2010.
Some tenants whose apartments would be destroyed to make way for Atlantic Yards sued this week to challenge a state agreement that gives Ratner's company at least 12 years to complete the project's first phase.
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Posted by steve at May 5, 2008 5:20 AM