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August 12, 2011

Atlantic Yards "flying up"? On Brian Lehrer, a weak update

Atlantic Yards Report

The arena's rising, sure, but the development is not flying up in the slightest.

Guest host Jami Floyd, who displayed the unfortunate tendency to laugh at things not so funny, like the rat problem around the Atlantic Yards site. Guest Brown suggested, erroneously, that Chinese investors seeking green cards for purportedly job-creating investments  were investing "in the arena."

As I commented, they're investing in something called the "Brooklyn Arena and Infrastructure Project," which is replacing a land loan and will go to infrastructure (and possibly other things).

Of course potential investors were told they were investing in the arena, but that was deceptive.

link

Posted by eric at August 12, 2011 9:50 AM