Frank Gehry on Atlantic Yards: 'I don't think it's going to happen'
Someone might want to tell Brett Yormark, CEO of the NBA team now housed in New Jersey. Early this month, Yormark told Bloomberg TV, "It will happen."
That was on March 13. Less than two weeks later, we've got the renowned architect saying of Forest City Ratner's Atlantic Yards, "I don't think it's going to happen."
Only yesterday, as I noted, a New Jersey lawmaker mounted a new attack on the arena's naming-rights deal with Barclays. The ailing British bank conglomerate is receiving bailout money from U.S. taxpayers, via AIG's "counterparties" scheme, yet has said it will go ahead and pay $400 million to name the arena Barclays Center.
Of course, if Atlantic Yards isn't built and becomes just money down the Ratner hole, the centerpiece arena won't be called anything, except a huge waste of time, money, people, precious residential space, resources, anguish, and anger.