ESDC approves Atlantic Yards

December 08, 2006 12:00AM

The Empire State Development Corporation has approved developer Forest City Ratner’s Atlantic Yards project in Brooklyn.

The ESDC today affirmed the general project plan and authorized the use of eminent domain to clear the way for the $4-billion mixed-use development, which includes thousands of housing units, commercial space and a new sports arena that will be home to the Brooklyn Nets, the professional basketball team owned by Forest City Ratner president and CEO Bruce Ratner. more By Tim Moran

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