Developer Bruce Ratner's Atlantic Yards project "cleared a major hurdle," according to the Daily News, by selling $511 million in tax-free bonds for the arena's financing yesterday. Apparently the bonds were selling like hotcakes—the NY Times says they were sold out in two hours, "Indeed, the demand for the bonds from institutional investors far outstripped what was available and belied the project’s tortured history and court challenges." more ›

The former executive director of the Port Authority of New York and New Jersey, George Marlin, is urging federal investigators to look into WTC rebuilding delays, since seven years after the WTC attacks, Ground Zero is mostly still a giant hole. Marlin is recommending that the feds look into the delays as beyond a matter of bureaucratic wrangling and incompetence, but an issue of criminal wrongdoing that could include waste, fraud, abuse, and the the misleading of investors. more ›