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February 12, 2011
Ratner Hopes To Break Ground on First Tower, But Doesn't Have the Cash
Prospect Heights Patch
By Stephen Brown
The architects of the Barclays Center will also design the first residential tower of the Atlantic Yards project, though officials with the developer, Forest City Ratner, conceded the company still lacks the funding to start building.
A Ratner executive revealed that the company does not have the money in hand to start building the tower on Thursday during an unpublicized meeting called by the Empire State Development Corporation, the state agency overseeing the project. The news was first reported by The New York Post.
Posted by steve at February 12, 2011 5:26 PM