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October 13, 2009
Feeling the pressure: FCR VP in April said, "I continue to be a freaked-out developer with an arena that must start this year"
Atlantic Yards Report
From an email from Forest City Ratner Sen. VP Jane Marshall to the Department of City Planning's Winston Von Engel:
"Excellent. I continue to be a freaked out developer with an arena that must start this year; I hiccup 'tech memo', 'master closing', 'amanda must like interim conditions', and to that end must discuss with you tomorrow. Thanks."
To decode Marshall's shorthand, the arena must start this year if it is to rely on tax-exempt bonds and (likely) fulfill a naming rights agreement.
Marshall may be a little less freaked out right now. But the clock is still ticking.
NoLandGrab: It's a small comfort that the developer is feeling the pressure, when residents of the surrounding neighborhoods have been feeling the pressure of Atlantic Yards for nearly six years already.
Posted by lumi at October 13, 2009 5:36 AM