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November 18, 2009
ESDC subsidiary to approve arena bonds on November 24
Atlantic Yards Report
The Empire State Development Corporation (ESDC) subsidiary Brooklyn Arena Development Corporation (BALDC) will meet on Tuesday, November 24, and authorize arena bonds. (It will also take "related actions," which will be worth a look.)
Either the ESDC knows that a favorable decision on the Atlantic Yards eminent domain case will come down by Tuesday, or the ESDC, and bond rating agencies, have taken steps to put whatever bonds are sold in escrow while the case is still pending. Or maybe the bonds will be authorized but not sold until the case is resolved.
Posted by eric at November 18, 2009 10:58 PM