Great Post From Develop Don't Destroy Brooklyn

" a game of pretend in desperate need of some realism by our political leaders."

Someone is taking note, we're confident, that Ratner wants federally tax-exempt bonds for his privately owned arena, which would be a net loss for New York City, while the federal government is on the verge of spending something like $700 billion in taxpayer money to bailout Ratner's fellow fat cats. Tax exemptions for no return, but rather a loss? Are you kidding?

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I suspect Ratner wants to get a hold of other people's land the same reason Wall Street firms want to get a hold of OPM, because he can.

I suspect Ratner will sit on it, perhaps make a huge parking lot (which should be profitable since he pays none of the costs) for a decade or so until the market picks up again -and then build, well, whatever - a huge failed megaproject like Atlantic Mall or Metrotech, which in turn the city will bail out by moving offices there (no doubt from another failed Ratner project)

Ratner mastered 'too big to fail' long before Wall Street.