« Gringcorp Comments on Atlantic Yards Report | Main | LPC Plans Hearing on Proposed Prospect Heights Historic District »
October 25, 2008
Forest City Downgraded; Analysts "Particularly Concerned" About Atlantic Yards
The New York Observer
by Eliot Brown
Another item noting Standard & Poor's downgrade of Forest City Enterprises' credit rating.
Standard & Poor's yesterday downgraded the credit rating of mega-developer Forest City Enterprises, the parent company of Forest City Ratner, the developer of the planned Atlantic Yards project in Brooklyn. The downgrade came as the credit markets have made the financing of new development near impossible, and Forest City, based in Cleveland and with projects in numerous regions, is no exception.
Posted by steve at October 25, 2008 8:41 AM