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He will survive! A timeline of Bruce Ratner’s Atlantic Yards

for The Brooklyn Paper
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Thursday’s symbolic groundbreaking of the Atlantic Yards project practically demands a look back at the long history of this ambitious and controversial project. Here’s a timeline.

December 10, 2003

Flanked by Jay-Z, his starchitect Frank Gehry, Mayor Bloomberg, the former Nets and Knicks legend Bernard King and Borough President Markowitz, Bruce Ratner announces his plans for a mega-project that will feature mixed-income housing, commercial space, a hotel and a sports arena.

January 24, 2004

Ratner buys the New Jersey Nets.

July 4, 2005

Bruce Ratner signs a “Community Benefits Agreement” with eight groups, with Mayor Bloomberg acting as merely a witness. The contract guarantees certain civic benefits to the signatories, such as job training and affordable housing — though critics blasted the document as merely a PR stunt.

December 20, 2006

The state’s obscure Public Authorities Control Board gives the green light , paving the way for billions in subsidies and dozens of courtroom challenges.

March 29, 2008

The project becomes one of the most significant victims of the economic downturn in New York, as Ratner tells the generally sympathetic New York Times that he has had to drastically overhaul his vision for the 22-acre property. Among the shocking revelations: the pricetag had ballooned from $435 million to $950 million and the “Miss Brooklyn” centerpiece tower would not be built because there is no anchor tenant.

June 4, 2009

Starchitect Frank Gehry’s ambitious plan for the Atlantic Yards is scrapped in favor of a more modest — and widely criticized — plan for just an arena. Weeks later, Ratner reveals a newer rendering that is received more favorably.

June 23, 2009

The state revises its deal with Ratner to pull back the project back from the brink by allowing Ratner to make a smaller up-front payment for the Atlantic Yards land and paying out the rest over 30 years.

September 23, 2009

Russian billionaire Mikhail Prokhorov buys 80 percent of the Nets and becomes a major investor in the larger Yards project. The move gives Ratner much-needed financial backing for his project.

November 24, 2009

New York’s highest court rejects one of the most significant lawsuits brought by project opponents, which alleged that the state had abused its power of eminent domain.

March 1, 2010

A New York State Supreme Court judge rules that the state may proceed with its seizure of properties in the Atlantic Yards footprint.

March 9, 2010

A groundbreaking ceremony is held to commemorate the Barclays Center, which is slated to be completed before the end of the 2011-2012 basketball season.

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Reader Feedback

SBM from Dumbo says:
Well, all I can tell you is I have known Bruce Ratner my entire life, He is my godfather, he was my dad's best man and my dad gave the key note speech at his 50th birthday. Bruce puts on a nice show, but he is a pedophile who badly abused me and when I tried to come out and get him to tell the truth he sent Latin Kings who work for and are related to a guy, Loise Ocasio who works for him to make death threats to me on myself and loved ones until I got upset and he came after me for that. My father who was his Harvard roommate and best friend for years calls him a criminal and my mother who has never said a bad word about anyone says he is dead to her. Currenlty Bruce Ratner and his daughter are tapping computers and breaking into homes. Rebbie Ratner and her boyfriend of many years, JOSEPH MEISSNER also a criminal: http://landrumcreations.smugmug.com/ACTORS-Credited/ACTORS-MEN-30/1573434_mwciL/1/453131674_Lko22/Medium have broken into my home on a number of occasions but they have USDOJ protection so I can get no answers. Bruce will answer no questions. He is a hustler who uses death threats and the USDOJ to do his dirty work

Beware of Bruce Ratner. He touches children in a sexual way, and if I were you I would steer clear of he and his daughter. He is currently shaking me down using his Nephew Mathew Ratner of the USDOJ and they are guilty of widespead racketeering as well as making death threats over the Whitehouse website as seen here: http://myfamilyonenoexceptions.blogspot.com/2010/03/blog-post.html
Dec. 24, 2010, 8:56 pm

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