Thursday, June 11, 2009

What should $20 million buy? What if the Nets move Vince Carter?

Forest City Ratner reportedly wants to pay just $20 million to the Metropolitan Transportation Authority for the portion of the Vanderbilt Yard it needs to build the Atlantic Yards arena. It initially promised to pay $100 million for the whole railyard. This series attempts to add some context.

How might the developer raise some more scratch? Well, Forest City Enterprises and Bruce Ratner are the majority owners of the team, and they're scheduled to pay star guard Vince Carter $16.1 million next year and $17.5 million in two years.

But the MTA wouldn't bring that up, would they?

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