Does Atlantic Yards Just Need a Transfer of Rights? Or an Inquiry? (link)
If the EB-5 "lender" didn't put up any money, what incentive does it have? Is New York State ignoring its leverage with penalties? Legislators should drill down.
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