Bruce Ratner has pledged to pay New York's Metropolitan Transportation Authority $50 million for the rights to build a new Nets' arena and mini-city above the Atlantic Yards in Brooklyn. That's $100 million less than his competitor bid--and $164 million less than what the MTA thinks the rights are worth. Ratner's spokesman says the Nets' owner will be laying out more cash for transportation and other improvements.
- MTA unveils Brooklyn railyard site bid details - AP
- MTA Releases Details Of Competing Bids For Brooklyn Rail Yards - Michael Scotto - NY1
- Rival Bid Tops Ratner's Offer to Develop Brooklyn Site - Charles V. Bagli - New York Times
- MTA Hikes Its Price to 'Net' $214M In B'klyn - Patrcik Gallahue - New York Post
- Railyard plans are detailed - Paul D. Colford - New York Daily News
- Barnett 3, Ratner 1 - Matthew Schuerman - New York Observer