If the sale of the Nets culminated "a turgid, four-month process," how to describe the rest of the Atlantic Yards process?
And the 1/21/04 New York Times, in an article headlined Brooklyn Developer Reaches Deal to Buy New Jersey Nets, thought the sales process was slow?
The Times reported:
The sale to Mr. Ratner culminates a turgid, four-month process. First there were three bidders, Mr. Ratner, who started at $275 million, and the Kushner group, which opened at $250 million and vowed to keep the team in New Jersey, and Charles B. Wang, the co-owner of the Islanders, who bid $265 million. They were later joined by Stuart Feldman, a venture capitalist who never discussed his $257.5 million offer or his intentions publicly. Mr. Wang dropped out in frustration with the process and Mr. Feldman was never a serious competitor.