Mikhail Prokhorov needs NBA approval before he takes over the Nets, but that's not all. Bruce Ratner must also meet a "vacant possessions" clause in the arena deal before it all can close. Property must be condemned and cleared. That's being reviewed by a state judge and might not happen til April. Nets officials say "the wait is over" and critics admit their efforts are a "long shot", but it's never been easy.

• Would the Court of Appeals permit reargument of the Atlantic Yards case, given the Columbia appeal? It's a long shot, and we should know soon - Norman Oder - Atlantic Yards Report
• The Op-Ed: Atlantic Yards—It Is Happening - MaryAnne Gilmartin - New York Observer