The Nets are still planning a move to a dramatic new arena in Brooklyn, a Frank Gehry-designed basketball cathedral that will be part of a basketball and skyscraper project called Atlantic Yards. But Nets owner and developer Bruce Ratner’s plans for the stadium just can’t get enough public funding, so he had to find a clever way to get his hands on some more money. Luckily, he happens to know the Maloof brothers out in Sacramento and, exactly as we predicted here two days ago, he’s become the latest NBA owner to pin his franchise’s hopes of a new arena on funding from the federal government’s stimulus package.
(Your hard earned-money could go into this … and make Bruce Ratner rich.)
The story comes from NEW YORK MAGAZINE’s DAILY INTEL blog, which cites an article in the NEW YORK POST and conversations with Brooklyn Borough President Marty Markowitz as reason to believe that Ratner is spending most of his time begging for as much federal funding as he can get his hands on.