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 finish the project is pending.
Is the Barclays Center the "Linchpin" of Atlantic Yards? No, and That Matters (link)
The arena and team helped get the project approved, but didn't leverage the jobs and housing. Decoupling ownership sacrificed cross-subsidization. The state could step in.
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