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No Land Grab: So Many Unchecked Approval Boxes: Why Any Sensible Bond Buyer Should Probably Steer Clear of Buying Atlantic Yards Nets Arena Bonds
Atlantic Yards Report: Noticing New York: many clouds over the planned bond sale for the Brooklyn arena
Develop Don't Destroy Brooklyn: Barclays Basketball Barn Bond Buyer Beware
So Many Unchecked Approval Boxes: Why Any Sensible Bond Buyer Should Probably Steer Clear of Buying Atlantic Yards Nets Arena Bonds
No Land Grab —
... in underwater bonds across the commercial mortgage backed security industry? Everybody looked back in wonder and asked themselves how basic common sense requirements were ignored. The Atlantic Yards Nets arena bonds may be the municipal bond industry’s embodiment of the same kind of extreme folly: Basic standards of professional practices, dotting the i’s and crossing the t’s to protect the investor have simply been abandoned and one day everybody may wonder why.
Here's why.
NoLandGrab: Blogger Michael D.D. White may seem like ...
Noticing New York: many clouds over the planned bond sale for the Brooklyn arena
Atlantic Yards Report —
... Michael D.D. White, in his Noticing New York blog, offers a must-read, warning So Many Unchecked Approval Boxes: Why Any Sensible Bond Buyer Should Probably Steer Clear of Buying Atlantic Yards Nets Arena Bonds . Atlantic Yards is a project with many, many moving parts, and the Wall Street Journal has ...
Barclays Basketball Barn Bond Buyer Beware
Develop Don't Destroy Brooklyn —
... Dear bond buyers, credit rating agencies and bond insurers, Noticing New York's Michael White explains why this arena bond issue may not be as easy as Bruce Ratner, Bruce Bender, Maryanne Gilmartin and Brett Yormark may want you to think. So Many Unchecked Approval Boxes: Why Any Sensible Bond Buyer Should Probably Steer Clear of Buying Atlantic Yards Nets Arena Bonds [image] Pity the poor bond buyer who even thinks about buying bonds that might be offered on the market to finance the proposed Forest City Ratner Atlantic Yards Nets basketball arena. It is not your typical ...
Carroll Gardens rezoning passes in City Council, Hovnanian Enterprises has closed an offering of $785 million of senior secured notes
The Real Deal New York - Latest News —
... senior secured notes [Costar, 1st item]
10. Bankruptcy judge may reopen bidding for two Queens hospitals [Your Nabe]
11. Five of the eight written supporters of the Garden City Lighthouse project reportedly had ties to the project [Newsday]
12. Forest City Enterprises completes $200 million offering of convertible senior notes [Costar]
13. Why bond buyers should steer clear of purchasing Atlantic Yards bonds [Noticing New York]
...
Carroll Gardens rezoning passes in City Council ... and more
The Real Deal New York - Latest News —
... notes [Costar, 1st item]
10. Bankruptcy judge may reopen bidding for two Queens hospitals [Your Nabe]
11. Five of the eight written supporters of the Garden City Lighthouse project reportedly had ties to the project [Newsday]
12. Forest City Enterprises completes $200 million offering of convertible senior notes [Costar, 2nd item]
13. Why bond buyers should steer clear of purchasing Atlantic Yards bonds [Noticing New York]
...
Brooklyn Law's Illegal Downloaders, 'Demonic' Halloween Candy and More Brooklyn Briefs
mcbrooklyn —
... Law via ABA Journal - The City Council passed a zoning proposal Wednesday that will protect 89 blocks in Carroll Gardens from being transformed by high-rise development. Brooklyn Eagle - A slew of discounted Brooklyn brownstones is coming on the market -- but not in prime neighborhoods. The Real Deal - Sensible bond buyers may want to think hard before they buy Atlantic Yards Nets Arena bonds. Noticing New York via The Real Deal - Excited foodies had a full night ...
NY to sell Nets arena bonds in three weeks, maybe
Field of Schemes —
... against it. And as bond expert Michael D.D. White points out on his Noticing New York blog, there's a long list of loose ends that should give pause to bond agencies, and bond buyers. ...
Uncertainty, Skepticism Around Arena Bond Offering
Brownstoner —
... There was a lot of discussion last week about the viability and timing of the issuance of debt to finance the construction of Barclay's Arena, the centerpiece of the Atlantic Yards project. First, on Wednesday, the blog Noticing New York wrote, "We have never seen so many loose ends and approvals that are not in place." On Thursday, Reuters followed up with an article that quoted the ESDC chief financial officer Frances Walton as saying "The expectation is that they will be issued...We have begun discussions with ratings agencies." That same day Bond ...
