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Belmont arena rendering (rendering: Sterling Project Development)
Delayed appraisal, dubious benefits analysis, interest-free financing complicate rosy outlook
Three lessons from the long battle over Atlantic Yards/Pacific Park and the Barclays Center in Brooklyn are that promises of huge financial benefits deserve skepticism, that independent studies trump promotional ones, and that scenarios should be presented as a range of outcomes, rather than just the best case.
Unfortunately, those
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