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.
One Junior Partner in Atlantic Yards is Suing Another, for $888M. That's Alarming. (link)
Affiliates of the U.S. Immigration Fund and Fortress Investment Group are fighting over a separate project. Shouldn't we know more about their stake, and clout, in Atlantic Yards?
Comments
Post a Comment