Ratner Ready to Sell Majority of Brooklyn’s Atlantic Yards to an Investor

East
Friday, August 23, 2013
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Dashed line indicates the site boundaries of Atlantic Yards. (Courtesy Forest City)

Dashed line indicates the site boundaries of Atlantic Yards. (Courtesy Forest City)

It has been a bumpy road for Brooklyn’s controversial Atlantic Yards development. The ten-year project-in-the-making is in the news yet again. According to the New York Times, 50 to 80 percent of Atlantic Yards is now up for grabs. Developer Bruce C. Ratner, chairman of Forest City Ratner Companies is on the hunt for an investor to buy the lion’s share of the development for a hefty sum of up to $800 million. Forest City would still hold the reigns over the future development of the project.

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