The new Nets arena proposed for Atlantic Yards has gotten the bond rating it needs in order to sell bonds for the project to investors. Moody's, the credit ratings agency, gave the bonds the lowest possible rating above "junk," but developer Bruce Ratner still has the opportunity to sell $500 million in tax-free bonds for the arena. He needs to sell them by the end of the month to meet an IRS deadline. The countdown starts...now. [NYO; previously]
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