« Mets, Citigroup say stadium deal still on | Main | New Finance Review for Atlantic Yards Would Be Prudent »
February 4, 2009
Town Hall Topics
Nets Daily
By NetIncome
Either the NJ Nets' CEO is blowing hot air again, or he carefully selected a team fan event to break news:
Yormark insisted that in spite of “what you read in the papers”, Brooklyn “is closer than it has ever been”. He said that ground breaking would take place in “late spring or early summer”—which actually pushes back the date. In recent statements, the Nets have said ground-breaking would take place in the spring. He did not give a timetable for when the Barclays Center would open and admitted after a review by value engineers, “it might be smaller.” He voiced optimism that the two remaining lawsuits would be resolved by March. He expressed optimism about obtaining financing for the arena, pointing out that the Yankees had recently obtained $300 million in stadium financing and the Mets had gotten financing on a $100 million offering “at very good rates” last week.
Develop Don't Destroy Brooklyn notes that Yormark has "once again moved the arena goalposts."
Posted by lumi at February 4, 2009 4:47 AM