Decision allows Atlantic Yards developer to move forward

09/18/2009 | Crain's New York Business

A decision by the Empire State Development Corp. approving the Atlantic Yards project planned for Brooklyn will allow developer Forest City Ratner to move forward with the project. Observers also expect another round of lawsuits from groups opposed to the 16-building project, which will include mixed-use commercial and residential buildings, an arena and open space. The developer must start construction on the project before the end of this year to be able to use tax-free bonds.

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