Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Atlantic Yards Project Stalled by Economy, Experts Say
By
John Del Signore
Published Oct 15, 2008
Modified Oct 15, 2008
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
John Del Signore
Published Oct 15, 2008
Modified Oct 15, 2008
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
The Associated Press is responsible for the latest skeptical report on the future of developer Bruce Ratner's embattled $4 billion plan to build a Nets arena, office towers and thousands of apartments in Brooklyn. The article paints a bleak picture of the project, noting that in addition to the two ongoing lawsuits Ratner has been fighting off for years, the Wall Street bust has made investors just a wee bit apprehensive. The arena's groundbreaking was recently pushed back again, and the stadium—if it's ever built—will cost more than triple what Ratner paid for the entire franchise. "It's got more of an economic stall than a political or a legal stall," says Michael Rowe, former president of the Nets. "I think he missed the curve on when that project was financially viable and now he has to wait for it to come back." Longtime opponent Daniel Goldstein of Develop Don't Destroy Brooklyn puts it more bluntly: "This is just merely a fantasy that they're going to build this project. Yet they're moving forward as if everything's fine."
Tagged
Atlantic Yards
brooklyn
nets
project
stall
John Del Signore
Originally from the Albany area, John Del Signore has called NYC home since 1995. In addition to his thousands of meticulously-crafted bespoke blog posts for Gothamist, his writing has also been published in The Awl, Deadspin, The Nervous Breakdown, and performed at The Brick Theater in Brooklyn.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
NYPD officers shoot man in Bronx after he fired at them, police say
The man was shot in the leg and taken to a hospital in stable condition, according to police.
By
Giulia Heyward
Published Nov 2, 2026 at 4:53 p.m. ET
Washington Square Park snowball thrower gets community service for pelting NYPD
Police had arrested Gusmane Coulibaly, 28 — AKA “Diaper Man” — for assault.
By
Walter Wuthmann
News
Washington Square Park snowball thrower gets community service for pelting NYPD
Police had arrested Gusmane Coulibaly, 28 — AKA “Diaper Man” — for assault.
By
Walter Wuthmann
Stabbing of Brooklyn runner believed to be ‘random attack,’ NYPD says
By
Ben Feuerherd
NYPD investigating bullying as possible motive in Bronx teen's killing
By
Charles Lane
NY opens HEAP applications to help pay for heating costs
By
Louis C. Hochman
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .