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Ratner to Pay Less Now, But More Later on Arena Site

The MTA is ready to let Bruce Ratner pay $20 million now and defer payments on the remaining $80 million he owes on the railyards beneath the Nets new arena. Payments will be stretched out over 22 years. Also Monday, the Empire State Development Corp., Ratner's partner, told the Court of Appeals that critics are "putting the future of the...project in jeopardy". The ESDC asked their appeal be dismissed or expedited.