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October 17, 2008
Economic downturn threatens plans for Brooklyn stadium
From [Not so] SmartBrief.com:
A delay on a court ruling and the financial crisis have delayed plans for new office towers, apartments and an NBA arena in Brooklyn, New York. However, New Jersey Nets owner Bruce Ratner, the developer of the $4 billion project, says it will proceed. A federal court is set to decide whether tax-exempt bonds could help finance the sports arena.
The Internal Revenue Service (IRS) will be deciding "whether tax-exempt bonds could help finance the sports arena."
Posted by lumi at October 17, 2008 4:49 AM