On Bloomberg TV, Bruce Ratner claims 2000 arena jobs (1900 part-time) means "tremendous" impact on local economy
Office and residential
Ratner's comment referred not to office prices in general, just some "trophy prices" a few buildings.
Is New York its own market?
In other words, a good market for the Atlantic Yards residential units.
The answer: "foreign investment... When the world gets unsettled, we get foreign money coming here."
What about the Nassau Coliseum, he was asked. Is the Ratner bid the front-runner of the four?
The Barclays Center example
He knows 2000 employees, with the rapid turnover at the venue?
"The other thing is, believe it or not, we hired 80% from Brooklyn and in the neighborhood," Ratner added, citing "30% from the housing projects."
"It's tremendous," he responded. " Y'know, the area, the segment that has not recovered in New York and the country, people who are low, middle-income... Basically you have a situation where the less educated, people of lower income, have not recovered. So it's a big thing when you provide 2000 jobs."
"These are great players, great All-Stars," he said. "Basketball is about the key celebrities, the best players... this is a world of celebrity, whether it be Jay-Z or Garnett or Pierce."
Condos vs. rentals
Ratner was asked about 8 Spruce Street, the Frank Gehry-designed residential rental tower in Lower Manhattan. Given that more people will want to buy, will Ratner build condos?
Note that the Atlantic Yards condos still would be a better bet for the company than the long on-hold office tower that was supposed to rise over what is now the arena plaza.