After months of rumors, the Observer (via Reuters) reports that Russian billionaire Mikhail Prokhorov is prepping an offer to buy a piece of the Nets and fund arena construction at Brooklyn's Atlantic Yards with a $700 million bond through his investment company. Whoa! The biggest current hurdle to Prospect Heights' megaprojecty future is developer Bruce Ratner's need to get those tax-free bonds by the end of 2009. Say hello to Atlantic Yardski? [NYO]
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