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, covers the project to build the Barclays Center arena and 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 Shanghai-based Greenland USA took a majority share. Forest City left in 2018. Eight towers and the arena have been built. After a stall, Cirrus and LCOR in 2025 took over as master developers. A plan to complete the project is pending.
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