Ratner Sells $511 Million in Tax-Free Bonds

From today's Gothamist:

Developer Bruce Ratner's Atlantic Yards project "cleared a major hurdle," according to the Daily News, by selling $511 million in tax-free bonds for the arena's financing yesterday. Apparently the bonds were selling like hotcakes—the NY Times says they were sold out in two hours, "Indeed, the demand for the bonds from institutional investors far outstripped what was available and belied the project’s tortured history and court challenges."

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