Project stalls amid lawsuits, recession and credit crunch
Talk about an unhappy anniversary.
Five years ago last month, Forest City Ratner announced its plan for Atlantic Yards, a massive 22-acre development in Brooklyn that would include 8 million square feet of retail, residential and office space along with an arena for the Nets basketball team. Building the Frank Gehry-designed complex would cost $2.5 billion and take about 10 years.
Thursday, January 22, 2009
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