Saturday, December 11, 2010

The Brooklyn Paper tally: two Ratner/Nets announcements, no coverage of EB-5

Last week, the Brooklyn Paper covered the debut of a Russian-language web site for the Nets.

This week, we learn that the circus will come to the Barclays Center.

It's easy for a newspaper to cover such press releases, and while the information may be worth sharing, is it more important than:
The answer is no.

Both of the latter stories are connected to Forest City Ratner's attempt (my series) to raise a $249 million no-interest loan from Chinese investors seeking green cards under the federal government's EB-5 visa program, thus saving the developer perhaps $191 million.

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