“When I first met Brett a couple years ago and I signed with Golden Boy a couple years ago, the whole intent was to be the headliner at Barclays Center,” said Malignaggi, who grew up in Bensonhurst.
“It would be amazing, because I don’t think there’s a bigger Brooklyn name fighter than me right now. Obviously Brooklyn has a long history of great fighters, but I think right now the biggest name fighter in Brooklyn is Paulie Malignaggi, so I think it makes total and complete sense to have me be the headliner in October.”
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…