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January 22, 2009
I Wish I Could Quit You, Marty
Gumby Fresh
The pseudonymous Gari N. Corp, who consistently delivers some of the most entertaining and insightful writing about the Atlantic Yards project, somehow last week slipped this must-read analysis of the financing for the Barclays Center past our ever-watchful NLG staff (which didn't must-read it until this morning).
Now I've just put down my copy of the Very Hungry Caterpillar, which I was using to induce unconsciousness in Federico N. Corp. And some utterly brutal (in a good way) individual sent me a link to the financing plan for the project that Assemblyman James Brennan pried out of Forest City Ratner in 2007. Since I always complain that the inputs and outputs of the arena financing are rather opaque it behooves me to take a look at these.
So what do we find out?
Click through to learn why Mr. Corp thinks the arena financing "looks well shaky" — and why he's not too upset that he's getting Queens news rather than Brooklyn stories on his telly.
Posted by eric at January 22, 2009 12:18 PM