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About DDDB
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On Sept. 21 a Ribbon-cutting Event Will Take Place at the LIBOR-Fixer Center (AKA Barclays)
Norman Oder listened in on Forest City Enterprises quarterly conference call and broke some news. And it will be interesting to watch the molten flow of bombast at the ribbon-cutting event for the LIBOR-Fixer Center:Forest City: Barclays Center ribbon-cutting will be Sept. 21; Investor Day at arena will be Oct. 22
There will be a 'formal ribbon-cutting event" to mark the opening of the Barclays Center arena on Friday, Sept. 21, David LaRue, CEO of Forest City Enterprises (parent of arena developer Forest City Ratner), said today.
(That's one week before the first concert, with Jay-Z, on Sept. 28.)
LaRue and other executives participated in a quarterly conference call with investment analysts, following up yesterday's press release regarding second quarter results.
CFO Bob O'Brien also provided an update on Investor Day, which will be held at the arena on Monday, Oct. 22. He said it would be an afternoon event, with optional evening activities, including a concert at the arena.
The event, he said, would help introduce new investors to Forest City and update them on the company's progress, as well as provide a closer look at the arena and Atlantic Yards.
...
Oh yeah, that housing thing they promised? Well, they expect to start that, for the tenth time:
LaRue only briefly mentioned the rest of the [Atlantic Yards] project: "Additionally, as we have stated on prior calls, we are planning on and expect to start on our first residential building at the Atlantic Yards by year end."
No analyst had a question about Atlantic Yards. The tower, of course, has been postponed repeatedly.
Posted: 9.05.12
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