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Arena deadline may be hoop dream.


[ILLUSTRATION OMITTED]

With a cloud of skepticism hanging above its project, the developer of the new Nets arena in Brooklyn is now referring to a 2010 opening date as "very aggressive."

The Barclays Center This article or section is about a planned or proposed arena.
It may contain information of a speculative nature and the content may change dramatically as the construction and/or
 is part of the $4 billion, Frank Gehry-designed Atlantic Yards The Atlantic Yards is a mixed-use commercial and residential development project of 16 buildings, currently proposed in the neighborhoods of Prospect Heights and Park Slope, adjacent to Downtown Brooklyn and Fort Greene in Brooklyn, New York City.  project that also includes housing and office space.

The controversial mega-plan is currently contending with a gloomy economy, legal wrangling and some very vocal opponents who are questioning everything from its aesthetic appeal to its estimated need of $2 billion in public subsidies.

The "Atlantic Yards Report" blog last week wrote that Forest City President Bruce Ratner Bruce Ratner (born January 23, 1945 in Cleveland, Ohio) is president and CEO of Forest City Ratner, the New York division of Forest City Enterprises, which is based in Cleveland. Ratner was New York City's most active real estate developer during the 1990s.  recently told shareholders the arena would break ground in January and take 2.5 years to complete--pushing it beyond the publicly stated completion date of 2010, which Forest City has long stood by despite critics calling it unrealistic. The developer last week sought to clarify Ratner's recent remarks.

"It is not a new schedule," spokesman Bruce Bender told Real Estate Weekly. "I think Bruce was just stating that the schedule in place is in fact very aggressive. We plan to break ground this fall and are working to open in calendar year 2010. While that's the goal, if it is not met, then it would end up being calendar year 2011 ."

The Municipal Art Society of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 said the situation is an example of the developer simply moving the goalposts Moving the goalposts is a debate fallacy in which one continually redefines the point of the discussion to avoid your opponent being able to provide a correct answer. Most often seen in Evolution vs Creationism debates. "Show me a transitional fossil between a whale and a fish. . The society has long been critical of the project, saying the 2018 build-out for the entire development will bring several interim years of blight and empty lots dubbed dub 1  
tr.v. dubbed, dub·bing, dubs
1. To tap lightly on the shoulder by way of conferring knighthood.

2. To honor with a new title or description.

3.
 "Atlantic Lots"--as Forest City Ratner stalls to construct sections.

"It's more unpredictable than ever," said the society's Senior Policy Analyst Jasper Goldman.

Goldman reiterated that the society has been calling for more oversight and public involvement for the project.
COPYRIGHT 2008 Hagedorn Publication
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Copyright 2008 Gale, Cengage Learning. All rights reserved.

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Article Details
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Author:Majeski, John
Publication:Real Estate Weekly
Article Type:Brief article
Geographic Code:1USA
Date:Aug 13, 2008
Words:300
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