Forest City Ratner Companies has awarded Hunt Construction Group the construction contract for the Barclays Center, the intended home of the basketball Nets and the centerpiece of the controversial Atlantic Yards development plan. Hunt has been involved in the construction {read more...}
The city is giving Forest City Ratner an additional $31 million on top of the $100 million already granted for the Atlantic Yards project, according to the Daily News. A funding document shows that the $31 million, which won’t come {read more...}
Justice Abraham Gerges
To Preside Over ‘Final’ Legal Hurdle
By Ryan Thompson
and Samuel Newhouse
Brooklyn Daily Eagle
JAY STREET — The homes and buildings remaining in the footprint of the proposed Atlantic Yards development may finally get taken. Years after the state set out to acquire the property via eminent domain, the hearing that is expected to approve
Cuomo Also Refuses To Respond to Atlantic Yards-Angry Protesters
By Samuel Newhouse
Brooklyn Daily Eagle
JAY STREET – Homeless people and community activists gathered in Downtown Brooklyn Tuesday to make a citizen’s arrest of developer Bruce Ratner – but the real estate mogul never showed up.
The attempted citizen’s arrest was planned by patrons of Freddy’s Bar, FUREE (Families United for Racial and Economic Equality) and homeless advocates, partly in response to the closure of a homeless shelter in the footprint of Forest City
ADAMS STREET — The court proceeding required for the state to take control of the land at Atlantic Yards, which the New York Court of Appeals ruled can be done via the constitutional use of eminent domain, has been postponed, according to the watchdog blog Atlantic Yards
Dan Goldstein of Develop Don’t Destroy Brooklyn is seen in front of Freddy’s Bar, in the “footprint” of the planned Atlantic Yards development. Goldstein says the Associated Press’ article on him, which the Eagle also printed, fails to mention several lawsuits against the project and two pending motions in the state’s Court of Appeals. He also stresses that he and his neighbors don’t plan to leave their homes unless all of their legal options {read more...}
Making reference to the French Revolution, Freddy’s Bar and Backroom, a headquarters for protests against Forest City Ratner’s Atlantic Yards plan, this past weekend built a miniature “guillotine” out of Pabst Blue Ribbon cans, then staged a mock execution of {read more...}
Bloomberg Cheers Ratner; Opponents Continue To Fight
BROOKLYN — Six years after Bruce Ratner’s Atlantic Yards project was first proposed, Forest City Ratner Companies, the Empire State Development Corporation (ESDC), the Metropolitan Transportation Authority (MTA), the City of New York and other parties Wednesday officially closed on the project.
BROOKLYN — Forest City Ratner Companies, Nets Sports and
Entertainment and Onexim Sports and Entertainment Holdings (“Onexim”) announced yesterday that they have finalized their agreement to create a strategic partnership for the development of the Atlantic Yards Project.
The temporary railyard near the Long Island Rail Road’s Atlantic Avenue terminal is already in operation, according to the Atlantic Yards Report. Furthermore, the nearby, older tracks have been de-electrified and a contract has been signed for their removal. The {read more...}
According to the Brownstoner blog, in the wake of last week’s Court of Appeals rating, Moody’s Investor Service has given a “Baa3” rating to the $500 million in tax-free bonds being used to finance the Barclay’s Arena for Bruce Ratner’s {read more...}
According to ESPN, the New Jersey Nets, owned by Bruce Ratner, have still not submitted a formal sale application to Russian billionaire Mikhail Prokhorov, who is seeking to purchase 80 percent of the team. The ESPN article says that unnamed {read more...}
DOWNTOWN BROOKLYN — Tuesday, the New York State Court of Appeals could issue its decision on whether or not the state’s use of eminent domain at Atlantic Yards is constitutional.
Gary Spencer, the public information officer for the state’s high court, said that decisions on cases with the Court of Appeals will be handed down Tuesday, and then on the following Tuesday, Dec. 1. However, he did not say whether the Atlantic Yards decision would be
Juan Gonzalez, in his column in Friday’s Daily News, talks about the Kelo Supreme Court decision, in which the town of New London, Conn., was given the green light to evict residents of an area near a planned Pfizer research {read more...}
