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Buffalo Billions

Today, Explained

What's the Gold Standard of This Kind of Deal?

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The brooklyn arena is the first deliverable of a planned four point nine billion dollar project that's supposed to eventually have 17 structures. The atlantic yards project received upwards of 300 million dollars in public funds and subsidies from the state and the city. So you have a public investment on the one hand, that is eight, eight or 900 million dollars. What do you do then, with this massive investment you've made?

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