Yesterday, there was partial confirmation, as the New York Post quoted sources saying there had been layoffs at FCR. Though no projects were specified, it's reasonable to believe that the company's most ambitious project couldn't have gone unscathed.
Stock price continues to fall
Meanwhile, on October 10, Forest City Enterprises' stock price was $19.79, near the low point of its 52-week range. On October 23, the price had sunk to $11.91.
Yesterday, the stock closed at $7.55. The stock chart at right covers only three months.