Andrew Zimbalist is one of the country's leading sports economists, but his performance is far less credible when it comes to paid work for Forest City Ratner, where he seems to be contradicting himself. As a benchmark, consider an excerpt (below) from the essay "Sports, Jobs, and Taxes: The Real Connection," which he co-authored with Roger G. Noll. The chapter is part of Sports, Jobs, and Taxes: The Economic Impact of Sports Teams and Stadiums (full text!), the 1997 collection of essays Noll and Zimbalist edited. Zimbalist and Noll wrote that "promotional studies" often introduce faulty assumptions, such as that "a stadium does not impose additional, security , infrastructural, or environmental costs on the city." (Emphasis added) Zimbalist on AY But consider Estimated Fiscal Impact of the Atlantic Yards Project on the New York City and New York State Treasuries , the updated June 2005 report Zimbalist did (with no peer review) as a paid consultant...
This watchdog blog, by journalist Norman Oder, concerns the $6B project to build the Barclays Center arena & 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland USA bought a 70% stake going forward. In 2018, once the arena & four towers were built, Greenland bought out most of Forest City's stake, then sold three leases to other companies.