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.
Bi-Weekly Digest: BrooklynSpeaks Frustration over Penalties; Quiet MTA Renegotiations (link)
The lesson from Atlantic Yards, Borough President Reynoso warns city officials pushing the Brooklyn Marine Terminal Plan, is that commitments don't get enforced.
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