History
The Atlantic Yards project is being developed and overseen by Forest City Ratner, an arm of Forest City Enterprises, of Cleveland, Ohio and the original master.
In March 2008, principal developer Bruce Ratner acknowledged that the slowing economy may delay construction of both the office and residential components of the project for several years. The uncertain economy and vagueness of the developer's statements led then-NY City Comptroller Bill Thompson to state in May 2008 "I’m not sure what that project is any longer."
When the project was announced at the end of 2003, the basketball arena was scheduled to open in the fall of 2006. Groundbreaking did not occur until 2010; the arena was opened to the public on September 21, 2012 and held its first event (a Jay-Z concert) on September 28, 2012.
Read more about this topic: Develop Don't Destroy Brooklyn
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