Ratner says in Bloomberg interview that $100M financing for first tower is coming; no word on whether it would be modular
Unmentioned is whether it would be modular and thus save big bucks. (As the New York Observer pointed out, $100 million seems small for that size building.) Unmentioned is whether Ratner is still seeking additional subsidies, which the city has denied. Unmentioned is the history of delays with this tower.
Also of note, Russian billionaire Mikhail Prokorhov (whom Ratner calls "Michael") has an option to buy 20% in the project as a whole, and Forest City Ratner is preparing a presentation so a decision can be made in the next six months.