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December 23, 2008

morningstarrating.gifAs analysts call Forest City Enterprises stock worthless, local elected officials get a vague update on Atlantic Yards

Atlantic Yards Report

In light of ongoing lawsuits, federal intervention in the credit markets and the news that Morningstar just rated Forest City Enterprises' stock as worthless, Norman Oder speculates about the development company's options for more subsidies and delays for Atlantic Yards, and concludes, "if Forest City Ratner seems to be fighting hard to maintain Atlantic Yards, it may be because the parent company itself is at stake."

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Posted by lumi at December 23, 2008 5:18 AM