Nets Arena

This morning, Brooklyn bloggers and opponents of the Atlantic Yards project are busy digesting Charles Bagli’s front-page Times story in which developer Bruce Ratner admits that the bulk of his Atlantic Yards project is stalled due to trouble finding financing or an anchor tenant for the “Miss Brooklyn” office building.

For a bullet-point run down of important points of the story, visit No Land Grab. But, basically, the article confirmed what the blogosphere has been predicting all along: Forest City Ratner will go forward with the Nets arena, but plans for three residential buildings, affordable housing, and a commercial tower are indefinitely on hold. Plus, the costs of the project have spiraled far above the initial estimates approved a few years ago.

The four blogs we looked at greeted Mr. Ratner’s disclosure with a collective “I told you so” (or something along those lines), and faulted the Times for giving him softball treatment.  read more »