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September 30, 2008
Déjà delay all over again, redux
The stories about more Atlantic Yards delays just keep on comin'.
Gothamist, Atlantic Yards Project Further Delayed By State Court
In light of yesterday's ruling, Ratner says the groundbreaking "may" be delayed another six months. The developer is also waiting for the IRS to rule on whether he can use tax exempt bonds to pay for the $1 billion arena, which he intends to build first. He's also struggling to line up financing for the rest of the $4 billion project, doesn't have an anchor tenant for the office tower, and city officials have not shown much enthusiasm about his recent request for $100 million more in taxpayer subsidies.
Curbed, Atlantic Yards 'Will Go Forward'
Bruce Ratner declares "let me be clear," yadda, yadda, "will go forward," yadda, yadda, "all the more important," yadda, yadda, "committed as ever," yadda, yadda, "ensure that it goes forward," yadda, yadda.
Posted by eric at September 30, 2008 11:15 AM