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June 13, 2008
New IRS Rule May Delay Development Of Atlantic Yards Project
NY1
Brooklyn’s Atlantic Yards developer Bruce Ratner downplayed today’s reports that a proposed Internal Revenue Service rule might stall the vast construction project.
..."We don't see really a problem,” said Ratner. “You know if the regulations don't change, do change, whatever the regulations will do, we'll be able to finance this. We've been assured of that. We've been working on it over the last two months, and it will take another three or four months to finish the documentation, but there's not a problem.”
article/video [dialup/broadband]
NoLandGrab: "We've been assured of that?" Assured by whom?
Bruce was apparently tracked down by NY1 while taking part in Forest City Ratner's "Community Day" clean-up of Prospect Park — which is not to be confused with "Brooklyn Day."
Posted by eric at June 13, 2008 7:58 PM