Streams

The Skinny on the New Atlantic Yards Project

Wednesday, June 24, 2009

Two state agencies are spending this week revising the deal that would bring the Nets basketball team and a massive real estate development, to Brooklyn.

The board of the MTA is expected to vote this morning on a new payment schedule, that would allow the developer to put only $20-million down on the project, instead of a promised $100-million up front. And yesterday, the state economic development agency gave a preliminary green light to that plan

Joining to explain these changes is WNYC's economic development reporter Matthew Schuerman.

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