O
overproof
Guest
Overproof said:{RE: New Nets Arena}
Jay Z is only a minority share owner. I believe something like 17%. He was only brought into the project as a political tool to win support for building the Stadium in Brooklyn. The real owner is Ratner, whose company Forest City Ratner is planing a huge development downtown Brooklyn, including a stadium, new housing, a mall(just built). They needed a young influential african american in on the project because a bunch of houses in the lower part of prospect height's a largly black community, need to be torn down. Ratner already suscessfully relocated part of Foth Greene projects, and convertrd the buildings into co-op's. I think jigga regrets getting involved in the project now, but's it's too late for him to back out. ........Jay Z is just a pawn in something much bigger than just a basketball stadium or team.
...{originally posted 7-6-2004 from "Jigga and the Nets"}
Update: On Dec 21st the Atlantic Yards Project a.k.a The New Nets Arena was approved. It might sound good, but they are destroying a neighborhood. You can see some pictures and visit some links on the Atlantic Yard Project at http://D.elirio.us. The above quote was posted here over two years ago, and people have been fighting this projects for years, including Spike Lee. You might of seen Spike Lee's "Defend Brooklyn" shirts somewhere. To build the Atlantic Yards Project, the developers are using "eminent domain" laws to take peoples homes away. They are also kicking people out of Prospect Heights by raising rents so high that the current tenants are forced to move.
Jay-Z said "I can't turn my back on the Hood", but what do you call this?