« "The Glass Stampede," Downtown Brooklyn, & Atlantic Yards | Main | Failed Deals Replace Boom in New York Real Estate »
October 3, 2008
It came from the Blogosphere...
Me, Myself an Eye, It's Real In The Field
Atlantic Yards is part of the problem; Sista Tolja wants to be part of the solution:
We've only got a few more days here in NYC, but I will be registering folks to vote tonight and through the weekend. And I am finally taking an interest in local politics in the borough of Brooklyn, as well as the city as a whole and the state of New York. If I want to raise kids here, I have to be aware and aggressive. Projects like the Atlantic Yards monstrosity (supported by YOUR boy, Jay-Z) affect me and I have to be heard! There are politicians (like Barack Obama) and aspiring politicians (like Kevin Powell) who have the potential to be change agents, but they can't without US.
Here's more reaction to the tectonic shift in the Atlatic Yards arena timeline:
SportsByBrooks, Jay-Z Has 99 Problems: Arena Financing Is One
Brooks recaps Ratner's arena financing and legal woes as reported by the Star-Ledger, NY Post and Crain's and adds:
I know it sounds like a lot of money to mere mortals, but can’t Nets part-owner Jay Z just pay the $950 million from his “walking around” money? I mean, the guy has the technology to make the plans for the freakin’ stadium magically appear out of his hands; why can’t he just make a billion dollars appear as well?
MAS.org, Atlantic Yards Stalled
The Atlantic Yards development has been delayed again after a state appellate court did not dismiss the project opponents’ court challenge, says the New York Times. While this derails Atlantic Yards developer Forest City Ratner’s recent pledge to break ground on the project this December, Crain’s New York Business reports that Barclays bank, which would pay for naming rights to the stadium, remains committed to the project when it proceeds. Read more about MAS advocacy on Atlantic Yards here.
Popo in my crib, The Nets may remain in New Jersey
The Newark Star Ledger is reporting that the economic downturn may have claimed another victim, the New Jersey Nets.
Note: This post includes the persistent rumor that Walter O'Malley wanted to build a new ballpark for the Dodger on Atlantic Yards. O'Malley wanted to build the ballpark on a site across the street from the Vanderbilt Railyards on a land that has since been redeveloped by Bruce Ratner for his Atlantic Center Mall.
REBLOGGING: Star-Ledger, Wall Street crisis imperils Nets arena, 10/01/08
Big Shot Bob in Texas, A little Tight Credit?
Park Lane – Sports Finance Bulletin, Wall Street crisis puts Nets’ future Brooklyn home in jeopardy
Can’t Stop The Bleeding, Ratner’s Dream Deferred Pt. II : Are The Nets Stuck In The Swamp Indefinetly?
While it’s hard to find a silver lining to the near collapse of American financial markets, the Newark Star-Ledger’s Ian T. Shearn and George F. Jordan hint there’s one in Nets owner Bruce Ratner’s inability to borrow.
Posted by lumi at October 3, 2008 6:49 AM