Atlantic Yards is Bruce Ratner's Forest City Development and the Empire State Development Corporation's plan to build a New York Nets basketball arena and 17 office and apartment buildings along Atlantic Avenue in Brooklyn, New York.
An audit released in May 2006 by New York comptroller Alan Hevesi reported that the Corporation loses track of its subsidiaries.
The initial funding was part of a $1.1 Million Empire State Development Corporation (ESDC) grant for waterfront development projects in Westchester County.
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