I wanted to thank you for coming out to our preseason game at the Prudential Center. As the season begins, it is important that we get off to a great start and now more than ever my teammates and I need the support of fans like you.Maybe they should start thinking of making an interim (at least) move to Newark even before next season. (Actually, it looks like 50% off--or, more precisely, 2-for-1, for five games.)
That's why I'm bringing you this 50% Off Discount when you use Offer Code THANKS for tickets to our opening night game against Vince Carter, Dwight Howard, and the Orlando Magic on October 30th at 8pm. You will also be receiving free schedule magnets, free M&M's after the game, and 50% off all hot foods, candy, select beverages at the concession stands.
Pacific Park Brooklyn is seriously delayed, Forest City Realty Trust said yesterday in a news release, which further acknowledged that the project has caused a $300 million impairment, or write-down of the asset, as the expected revenues no longer exceed the carrying cost.
The Cleveland-based developer, parent of Brooklyn-based Forest City Ratner, which is a 30% investor in Pacific Park along with 70% partner/overseer Greenland USA, blamed the "significant impairment" on an oversupply of market-rate apartments, the uncertain fate of the 421-a tax break, and a continued increase in construction costs.
While the delay essentially confirms the obvious, given that two major buildings have not launched despite plans to do so, it raises significant questions about the future of the project, including:
if market-rate construction is delayed, will the affordable h…