The Nets were well ahead of the Knicks in the standings and wound up ahead again on the scoreboard, 92-88, moving to 3-0 against their rivals this season.
But that’s the only place Brooklyn is well ahead. As the Nets vie for the eighth playoff seed and the Knicks scrape the NBA’s bottom, current appearances are deceiving.
As shaky as it may be, banking on cap space, a 30-year-old, injury-prone Carmelo Anthony and an aging Jose Calderon, the Knicks still have a brighter future than the residents of Barclays Center.
...Despite a revitalizing borough with a reliable Atlantic Terminal transportation hub nearby, the basketball team could be going to pot after this season along with its billionaire owner...
The Nets? The best you can say is the club is expected to practice in Brooklyn next season and not in their depressing old corporate-park Jersey digs
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…