Ratner Arena Deal Moves Forward

March 4th, 2005

From today’s online NY Daily News: “The city’s Economic Development Corp. and the state’s Empire State Development Corp. have inked a memorandum of understanding with developer Forest City Ratner – kicking off the formal public review for the $2.5 billion plan, state and city officials said.”

In a joint statement with Gov. George Pataki, Mayor Bloomberg called Atlantic Yards “an historic project that will continue to energize the borough of Brooklyn.”

[NY Times coverage]