Tuesday, September 09, 2008

Crain's finds FCR's projections out of line with reality

From Crain's NY Business (via DDDB), a pointed example of journalists recognizing the difference between reality and Forest City Ratner's spin:
Forest City Ratner still insists that it can break ground on its Brooklyn basketball arena this year. Reality says otherwise.


By contrast, the Daily News last month reported Forest City Ratner CEO Bruce Ratner's statement that the arena would open in 2011, with groundbreaking next year, then doubled back to give the last word to other company representatives who claimed it would open earlier and groundbreaking would occur this fall.

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