clock menu more-arrow no yes mobile

Filed under:

Ratner Is MTA's Choice

New York's Metropolitan Transportation Authority voted today to negotiate exclusively with Bruce Ratner on development plans for Brooklyn's Atlantic Yards. The rail yards are where Ratner wants to build a new Nets' arena and $3.5 billion mini-city. The MTA still wants Ratner to increase his bid for development rights over the yards. Ratner bid $50 million for the rights. The MTA wants $214 million.