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Ratner Likely to Lose Big Tax Break

Three weeks after a beneficial provision tucked in a tax abatement bill became controversial, the state legislature is considering a special session to remove it, costing Bruce Ratner about $300 million. The abatement was specifically designed for Atlantic Yards and placed in the bill by the Brooklyn Democratic leader. Now, Mayor Bloomberg, a long time Ratner supporter, wants it gone. Meanwhile, a judge hearing arena critics' biggest lawsuit says she needs more time to decide it, citing the suit's complexity.