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September 15, 2011
Bruce Ratner on Atlantic Yards Project, Real Estate
Bloomberg
The great oracle speaks. But he seems to have forgotten about the $249 million in green-card fundraising he was doing a few months ago. And if Mikhail Prokhorov has "probably the next six months" to make a decision on investing in the first non-arena Atlantic Yards building, then repeated promises of a 2011 groundbreaking have been greatly exaggerated. And, oh, Bruce can't really talk about the Islanders.
Bruce Ratner, chairman and chief executive officer of Forest City Ratner Cos., discusses the New York real estate market and the outlook for the U.S. economy. Ratner, speaking with Betty Liu on Bloomberg Television's "In the Loop," also talks about the Barclays Center, a new sports and entertainment venue being built in the Atlantic Yards section of Brooklyn, New York.
NoLandGrab: In a great bit of synergy, the video is preceded by an ad for Barclays Center underwriter Goldman Sachs, touting all the wonderful (and not exactly true) benefits of its financing of an arena in Louisville [you may see a different Goldman spot]. Oh, and be sure to watch to the end to see Bruce's earplug fall out.
Posted by eric at September 15, 2011 12:12 PM