Tax-exempt financing looms over arena

June 13, 2008 12:33PM

Proposed regulations for tax-exempt bonds could jeopardize plans for the $950 million Barclays Center, the centerpiece of Forest City Ratner’s Atlantic Yards project in Brooklyn. The Barclays Center’s price will increase substantially without tax-exempt financing. Ratner and state and city officials have been lobbying the Treasury Department in Washington for waivers for the project.

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