Wednesday, June 24, 2009

Bailout for Ratner

Forest City Ratner is allowed to defer payments to MTA over 20 years, through 2031, as part of Atlantic Yards deal.

So we're getting an ugly stadium and selling the naming rights to the subway beneath it and now we have to wait for the guy to pay off his debt as well? After giving him a sweetheart price in the first place?

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