7/3/2007

An analysis of the finances behind the controversial Atlantic Yards development in downtown Brooklyn, N.Y., suggests a high amount of risk in the overall project, according to local officials. Developer Forest City Ratner and state officials have resisted divulging information on the project's finances, but a lawsuit was filed to release the information. Experts who have seen the information say estimates for construction costs were low and projections on condo sales were unrealistically high.

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NYTimes.com

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