Do Joe Tsai and Clara Wu Tsai Own the Barclays Center? No. (link)
The common, erroneous shorthand, lately in the New York Times, obscures the governmental largesse that has helped fuel huge financial gains.
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.
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