Late last month, architect Frank Gehry dismissed more than two dozen staffers working on designs for the embattled Atlantic Yards project in Brooklyn, the Wall Street Journal reports. The terminations came despite the fact that most of the proposed $4.2 billion project—which would include a Nets basketball arena, office towers and thousands of apartments—has not been designed, as Develop Don't Destroy points out. Both Gehry Partners LLP and Forest City Ratner, the company behind the project, declined to comment. But earlier this month Forest City abruptly stopped work at the site, and they don't even have the $100 million to buy the Vanderbilt Rail Yard from the MTA. In a thorough article in this week's Observer, the venture is viewed as being on the verge of "collapse," and Bruce Ratner "seems to be rushing to patch a leaky dam." Ratner may clear the last of his legal hurdles next year, but it's unclear if he'll have the financing to move forward in this current economy. more ›

In a striking reversal, developer Bruce Ratner has halted work at a location that is integral to his controversial $4.2 billion plan to build a Nets basketball arena, office towers and thousands of apartments in Brooklyn. Ratner has previously insisted that work would continue despite lawsuits attempting to stop the project, even vowing to break ground on the stadium this month. Now a spokesman for his comany, Forest City Ratner, tells the Daily News that "preliminary construction" at the MTA-owned Vanderbilt Rail Yards is being put on hold. more ›

Two years after the IRS proposed tightening rules governing the use of tax-exempt bonds, officials have finally issued a ruling that comes as a huge relief to developer and Nets' owner Bruce Ratner, who has been counting on raising up to $800 million in tax-exempt bonds to pay for a new Brooklyn arena. Though the IRS ruling limits the way tax-exempt bonds can be used in the future, the regulation doesn't apply to "certain projects substantially in progress." That includes not just the Nets arena, but also the new Yankees and Mets stadiums, which are being built with more than $1 billion in tax-exempt bonds and will now take advantage of the ruling to issue more bonds, according to the Times. more ›

Developer Bruce Ratner's plan to build an office tower, 15 apartment buildings and a basketball arena for the Nets in Brooklyn as suffered another setback after a state Appellate Court refused to dismiss a lawsuit filed by nine property owners in the footprint of the project who are challenging the use of eminent domain. Earlier this month, Ratner had vowed to finally break ground in December, despite formidable opposition from community groups and some elected officials. more ›

That plucky developer Bruce Ratner is still rallying for his $4 billion plan to turn the MTA rail yards in downtown Brooklyn into a sports arena, office and residential complex designed by Frank Gehry! Despite staunch opposition to the project's scale and use of eminent domain by the state, Ratner is promising to break ground on the project in December. more ›

Today the Supreme Court declined to hear an appeal by 11 Brooklyn property owners and tenants whose homes and businesses would be razed to make way for the $4 billion Atlantic Yards project. Coincidentally, today marks the third anniversary of the Supreme Court’s narrow 5-4 ruling in the case of Kelo v. City of New London, which affirmed the government’s power to use eminent domain to accommodate private development. more ›

Rallies aren’t just for grassroots activists – moneyed developers can hold them too, as Bruce Ratner proved yesterday by financing an afternoon rally in downtown Brooklyn to support his beleaguered Atlantic Yards project. Organizers of the so-called “Brooklyn Day” event handed out free hot dogs and T-shirts to passersby in an attempt to drum up enthusiasm for the $4.2 billion project, though there were no free turkeys to fully evoke the Tammany Hall spirit. more ›

Lawsuits from community and environmental groups, a tanking economy, and outcry over slavery money aren’t stopping Forest City Ratner from pushing forward with the $950 million Barclays Arena in Brooklyn, possible future home of the New Jersey Nets. Yesterday a luxury suite showroom opened in the New York Times building as an attempt to woo big-ticket investors and shift public opinion. more ›

As a counterpoint to the new renderings of Frank Gehry's redesign for the Atlantic Yards flagship tower, here's a different perspective on the project's future look. The Municipal Art Society [MAS] has assembled a compelling slideshow that serves as a sort of dystopian crystal ball, depicting what could come come if Bruce Ratner moves forward with his development on 22-acres of land in Prospect Heights, Brooklyn. more ›

Developer Bruce Ratner and architect Frank Gehry have announced that ‘Miss Brooklyn,’ the 620-foot residential and commercial tower planned for the 22-acre Atlantic Yards project, has been scrapped. In its place they’re proposing a building called ‘B1’: a 511 foot tall structure that will now house commercial tenants only. If they can be found – Forest City Ratner has yet to secure an anchor tenant for what will now be 650,000 of commercial space. more ›

Rumors of the Atlantic Yards mega-development's demise have been greatly exaggerated...at least according to the Atlantic Yards developer Bruce Ratner. more ›

The revelation that Bruce Ratner, would-be Atlantic Yards developer and Nets owner, has been secretly discussing selling the team to the owners of the New Jersey Devils, has put Brooklyn Borough President Marty Markowitz’s athletic reputation on the line. Newark mayor Cory Booker, who would love the team to come to the Prudential Center in his town, has offered to settle the fight for the Nets with a simple, winner-takes-all game of hoops: Cory vs. Marty, one-on-one. more ›

Unnamed sources are telling the Jersey Star-Ledger that Bruce Ratner, principal owner of the New Jersey Nets, has secretly met with the owners of the New Jersey Devils and Newark mayor Cory Booker to discuss selling the Nets and moving them to Newark. If true, it would signal the end of Ratner’s troubled bid to relocate the Nets to downtown Brooklyn, where he is trying to build a controversial $4 billion stadium, residential, office and retail complex on 22 acres of land. more ›

Two bombshell articles in the Times today may mark a turning point for Bruce Ratner’s plans to build a Nets arena at the Atlantic Yards. Now that Ratner is backpedaling from his initial plans to build 8 million square feet of office space and apartments – some of it for low-income residents – community activists are worried that Ratner will sell off the rest of the site to other developers, replacing Frank Gehry’s comprehensive design with a hodge-podge of expensive condos or barren land. Develop Don’t Destroy Brooklyn’s [DDDB] Daniel Goldstein says:

The [Times] article makes clear that Atlantic Yards cannot be built as planned, and was never financially feasible. The economic downturn has served to make that crystal clear. Our elected officials cannot allow our public resources, as well as eminent domain, to be used to construct an arena--which only benefits Bruce Ratner--surrounded by vacant lots.

Developer Bruce Ratner has turned gloomy about his $4 billion project to turn the MTA Atlantic rail yards in downtown Brooklyn into a sports arena, office and residential complex designed by Frank Gehry. In an exclusive interview with the Times, he expressed confidence that construction on the Barclays arena would start by the end of the year. But the "centerpiece" office tower called Miss Brooklyn and three residential buildings that were supposed to be built in the first phase of the project will be postponed for years. And the percentage of affordable housing originally planned has been dialed back. more ›

A video artist and teacher visiting from San Francisco claims she’s the latest victim of police harassment of photographers in New York – and this time the overzealous cop may have been acting on behalf of Forest City Ratner, the corporation behind the controversial Atlantic Yards project in downtown Brooklyn. more ›