Although Atlantic Yards, Bruce Ratner's mega project, will be delayed, officers of his parent company, Forest City Enterprises, said Wednesday they'll continue to fund the team's operating losses, now around $40 million a year ... and rising. FCE, which is run by Ratner's Cleveland cousins, also expressed optimism the project will be completed and noted the team's $1 billion arena is still top priority. And Ratner's architect took critics to task for claiming the project's signature building won't be built.
- Excerpts - Forest City Enterprises Fourth Quarter Conference Call - Forest City Enterprises via Yahoo! Finance
- Gehry to Brooklyn Paper: Miss Brooklyn ain’t dead — in fact, she’s hotter than ever - Gersh Kuntzman - Brooklyn Paper
- Forest City tells investment analysts: “We still need more” subsidies - Norman Oder - Atlantic Yards Report