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November 3, 2008

AY project fallen apart? Let's wait until we see the Barclays deal

Atlantic Yards Report

Norman Oder keeps hope alive for Bruce Ratner.

Sports columnist Will Leitch of New York magazine, considering the low chance overseas investors would bail out Bruce Ratner, declares (No Red Dawn for Ratner) that "it appears the deal will fall apart the old-fashioned way: not enough money."

Again, I don't think it's that simple. Yes, the Nets keep losing money. Yes, Ratner has decimated the team to rebuild it, with the hope of getting a free agent like LeBron James in 2010.

The big decision point, I think, will be whether Barclays Capital renews and renegotiates the arena naming rights deal. Perhaps we'll know by the end of the month.

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Posted by eric at November 3, 2008 10:39 AM