Weekly Digest: A Switcheroo in Philly, Drilling Down on Affordable Housing Numbers (link)
Are arena negotiations just about leverage? Also, low-income rents (and qualifying incomes) in Brooklyn have risen. The Brooklyn Nets go promotional.
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.
Comments
Post a Comment