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4 Billion Dollar Loan - News Articles
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Wednesday, October 22, 2008
Gothamist, NY -
Two years after the IRS proposed tightening rules governing the use of tax-exempt bonds, officials have finally issued a ruling that comes as a huge relief to developer and Nets' owner Bruce Ratner, who has been counting on raising up to $800 million in tax-exempt ... -
Oct 21, 2008
The Star-Ledger - NJ.com, NJ -
by Maura McDermott/The Star-Ledger The Internal Revenue Service will allow the Nets to get tax-free financing for their new arena in Brooklyn, the New York state agency overseeing the project said today. Kathy Willens/Associated PressThe site of Bruce Ratner's proposed Nets ... -
Oct 21, 2008
Crain's New York Business, NY -
The Internal Revenue Service issued rules Tuesday on whether the Nets basketball arena planned for Brooklyn can access $800 million in triple tax-free bonds . ... -
Tuesday, October 21, 2008
New York Daily News, NY -
BY GREG B. SMITH The IRS has cleared the way for more tax dollars to help house city sports teams, including the Yankees' and Mets' new stadiums and the planned Nets arena in ooklyn."; ... -
Tuesday, October 21, 2008
Yonkers Tribune, NY -
NEW YORK, NY -- The IRS today issued a long awaited decision on the regulation of triple tax-exempt bonds. Forest City Ratner’s Atlantic Yards Barclays Center Arena is reliant on $800 million in triple tax-exempt bonds. Powered ... -
Tuesday, October 21, 2008
New York Daily News, NY -
A committee led by US Rep. Dennis Kucinich (D-Ohio) will be grilling the likes of Yankees President Randy Levine (below) about the financing of the new Yankee Stadium. ... -
Wednesday, October 22, 2008
BrooklynPapers.com, United States -
By Sarah Portlock In a much-anticipated ruling issued late Monday, the federal agency exempted Ratner’s Atlantic Yards project from a ruling that bars the use tax-free bonds to finance stadium projects. Atlantic Yards was apparently exempted because it is “substantially in ... -
Wednesday, October 22, 2008
The Star-Ledger - NJ.com, NJ -
by Maura McDermott/The Star-Ledger The IRS will allow the Nets to get tax-free financing for a new arena in Brooklyn, the state agency overseeing the project announced yesterday.Kathy Willens/APThe site of Bruce Ratner's Atlantic Yards project in Brooklyn, which the Nets may call..."; ... -
Wednesday, October 22, 2008
WNBC, NY -
The IRS has given the Yankees, Mets and Nets the go-ahead to use tax-free bonds to pay for their new homes. The new Yankee Stadium, the new Mets Citi Field and the Nets arena in Brooklyn will all benefit from this ruling and the taxpayers of New York will ... -
Wednesday, October 22, 2008
The Star-Ledger - NJ.com, NJ -
by Frank Della Femina/NJ.com Chris Faytok/The Star-LedgerWriter dubs the new Yankee Stadium, "The house that tax subsidies built. " A post in today's Daily News talks about the Yankees' approach to stadium funding for the new stadium, ...
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Wednesday, October 22, 2008
SportsBusiness Daily (subscription), NC -
IRS officials this week ruled that Nets Owner and Forest City Ratner CEO Bruce Ratner for his planned $950M Barclays Center in Brooklyn "can use tax-exempt bonds to pay for the… For access to this article and more you must be registered ... -
Oct 21, 2008
Newsday, NY -
NEW YORK - The federal government has issued new rules that would let the New Jersey Nets, New York Yankees and New York Mets float tax-exempt bonds to pay ... -
Oct 21, 2008
Reuters -
NEW YORK, Oct 21 (Reuters) - Brooklyn's Atlantic Yards developer Forest City Ratner Companies on Tuesday said it believes it will be able to get the benefit of tax-free debt under new Internal Revenue Service regulations that govern so-called payments in lieu of taxes. ... -
Tuesday, October 21, 2008
International Herald Tribune, France -
AP NEW YORK: Updated tax rules issued Tuesday limit the way tax-exempt bonds can be used to pay for sports facilities but don't block the New Jersey Nets, New York Yankees and New York Mets from using billions of dollars in bonds to help pay for their ... -
Tuesday, October 21, 2008
New York Times, United States -
By CHARLES V. BAGLI Federal tax officials ruled this week that the developer of a billion-dollar basketball arena for the Nets at the Atlantic Yards project ... -
Wednesday, October 22, 2008
Bloomberg -
By Michael Quint Oct. 22 (Bloomberg) -- The New York Yankees and New York Mets baseball teams, which faced limits on tax-exempt financing, may sell additional municipal bonds to complete their stadiums, according to regulations issued by the Internal Revenue Service. ... -
Wednesday, October 22, 2008
Business Wire (press release), CA -
COCONUT CREEK, Fla.--(BUSINESS WIRE)--The Singing Machine Company (“Singing Machine” or the “Company”) (AMEX:SMD) proudly announces it has arranged for a multi-tiered financing program with DBS Bank Limited ( “ DBS ” ). ... -
Wednesday, October 22, 2008
Bizjournals.com, NC -
The Singing Machine Co. has arranged for a multi-tiered financing program with DBS Bank Ltd. that includes $7 million in accounts receivable factoring, $4 million in letter of credit financing for accounts payable, and $2 million in negotiable export bills under letters ... -
Wednesday, October 22, 2008
MarketWatch -
GREENSBURG, IN, Oct 22, 2008 (MARKET WIRE via COMTEX) -- Archie M. Brown, Jr., President & Chief Executive Officer of MainSource Financial Group, ... -
Wednesday, October 22, 2008
MarketWatch -
, , ) reported net income for the third quarter 2008 of $1638000 compared to $2381000 in the third quarter 2007. Net income per diluted share was 28 cents compared to 40 cents per diluted share in the third quarter of 2007, a decrease of 30 percent. The ...
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