New York City and Bruce Ratner appear near a deal that would preserve but cut back the Nets' owner special tax abatement. The deal would also reinforce the city's commitment to spend $205 million on improvements around the Atlantic Yards project which is anchored by the Nets' new Brooklyn arena. Special legislation enacted in Albany provided as much as $300 million in tax relief for Ratner, which angered Mayor Bloomberg. He had threatened to pull half the improvement funds.
- Ratner, City deal near on housing - Rich Calder - New York Post
- Pols slash tax-break on Atlantic Yards - Rachel Monahan & Joatham Sederstom - New York Daily News
- Bloomy slightly sours Bruce’s sweet deal from the state - Gersh Kuntzmann - Brooklyn Paper