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February 19, 2009

More Bad News for Bruce…

Newark, NJ Commercial Real Estate Blog

This blog entry gives the briefest of commentaries on yesterday's New York Post story about how the MTA will not use any of its federal stimulus dollars for the benefit of the proposed Atlantic Yards project.

“Brooklyn’s flagging Atlantic Yards project took another hit yesterday when Metropolitan Transportation Authority honchos confirmed the agency won’t dish out any of its allocated federal stimulus funds to aid developer Bruce Ratner. “

The New York Post reports that the troubled project is facing even more trouble as Bruce Ratner is seeking any source of funding he can. I mean I feel bad for the guy I do, but, the Newark Nets has a ring to it…''''

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Posted by steve at February 19, 2009 6:01 AM