Has the Tsais' Social Justice Fund Really Invested $25M "In Brooklyn" Since 2020? (link)
The owners of the Brooklyn Nets made big promises in 2020. Their summary lists significant efforts--but big gaps. Tax breaks & investment gains are far larger.
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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