ABOUT THE BROOKLYN ARENA AND

BROOKLYN ATLANTIC YARDS

-- Residential, Retail and Commercial Buildings
and Landscaped Public Open Space--

PROJECT OVERVIEW
Brooklyn Atlantic Yards addresses
severalissuesfor both Brooklyn and New York City. New York
City requiresnew housingthat meetsall levels of needand income- and additionaloffice spaceto
createand retainnew jobs. The project has four essentialcomponents,which supportand complement
eachother:the Arena, commercialspaceand housing- interspersedwith a significantamountof
publicly accessibleopen spaceto enhanceexistingneighborhoods.The "Brooklyn Nets" will give
Brooklyn the pride of watchinga hometownsportsteam onceagain;and the Frank Gehry-designed
Brooklyn Arena and residentialand commercialbuildings surroundingit will be importantnew
architecturalicons,making downtown Brooklyn a must-seedestination.

While the final detailsof the plan are still subjectto an agreementamongthe City , the State,the
MetropolitanTransportationAuthority and ForestCity RatnerCompanies,the proposedl.T million
zoning squarefeet at Brooklyn Atlantic Yards would be divided into approximately:
o 800,000squarefeet for the sportsarena- with 19.000seatsfor basketballgamesand 20,000as
configuredfor other events,suchas concerts;
o six acresofpublicly accessible
openspace;
o 4.4 million squarefeetof residential.in approximately4,500units
c 2.1million squarefeet of commercialoffice space;
o 300,000squarefeet ofretail space:
o 3,000parking spaces.

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It's estimatedthat the full Brooklyn Atlantic Yardsdevelopmentrvill takeapproximatelyl0 yearsto
complete.Durin-ePhase1, the Arenaand its rooftoppublicpark riillbe constructed.
alon-uwith 300,000
squarefeet of the commercialspace,supportspacefor the Arena andpossiblyonc residentialbuilding.
The complexhasbeenplannedto look 'uvhole
and contpleteduringeachphascol'construction.

LOCATION, TRANSPORTATION AND EXISTING USES

Generallyboundedby FlatbushAvenue,Atlantic Avenue,VanderbiltAvenueand DeanStreet,the
projectconsistsof six blocksof varyingsize. The site- approximatelyhalfwaybetrveenthe Brooklrn
Bridge and ProspectPark- sitsbetweenthe Brooklyn Academyof Music and the neighborhoods
of
Fort Greene,ProspectHeights,ParkSlopeand BoerumHill.

The site is adjacentto Atlantic Terminal,the third-largesttranspoftation

hub in New York Citr. Nrne
subwaylinesandthe Long IslandRailroadconvergeat this terminal.providingquick and convenient
accessto all five boroughsand Long Island. Creatin-e
a nodeof higherdensityaroundthe transportation
hub at Atlantic Terminalwill allow Brooklyn to grow while preser',,ing
the characterof its already
developedneighborhoods.

The Brooklyn Arenawill sit on a three-blockparcelof land at the intersectionof Flatbushand Atlantic
Avenues- the sameareawhereWalterO'Malley, the lesendaryownerof baseball'sBrooklyn Dodgers,
had envisioneda homefor his team nearlyhalf a centur\,aso.

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Atlantic Yards Site
The primary existing useon the proposedsite is a rail storageyard for the Long IslandRailroad,which
has createda strongpsychologicaland physicalbarrierbetweenthe neighborhoodsnorth and southof
Atlantic Avenue.

THE MASTER PLAN

In preparingthe masterplan fbr Brooklyn Atlantic Yards, Frank Gehry and his teamwere consciousof
the balancebetweenthe needsof the existingcommunitiesand thoseof the peoplewho would live,
work in or visit the new complex. Their goalsfor the projectinclude:
o To developthe Arena as an iconicbuilding,visible from both Atlantic and FlatbushAvenues:
o To respectthe scaleof the existingneighborhoods
surroundingthe site;
o To vary the heightsof the buildings and entrancesto the site for pedestriancirculation,to give
appropriatescaleand length to the streetwallalong Atlantic Avenue;
o To recognizethe importanceof the intersectionof Flatbushand Atlantic Avenues- on the main
axis of Brookh'n - by establishinga significantlandmarktower marking this intersectionas an
urban node approximatelyhalfway betu'eenthe Brooklyn Bridge and ProspectPark;
o To enhanccthe useof public transportation
and the pedestrian
experienceat the intersection
of
FlatbushandAtlantic Avenuesby reactivatingexistingconnections
to masstransitand
connectingtheseto the nervdevelopmentand Arena, as well as making Atlantic Avenuemore
pedestrian-friendly:
r To createnew public openspace,designedto organizethe placementof the buildingssuchthat
pedestrianexperiettcesare enhancedand eachopen spacehas a deliberaterelationshipwith the
surroundinguses:
o To create2'l-hour.diverseactivitiesevenwhen the Arenais not in use;
o To providesulllcientparkingto mect the demandsof the Arenaand additionaldevelonment.

Four office buildingssunoundingthe Arena u.ill place2.1 million squarefeet of commercialspace

within a few blocksof the masstransithub. and allow the restof the siteto be occupiedby residential
buildings.Thesewill containaffordable,miclcllc-and market-ratehousingtbr rent and for purchase.
The buildingswill vary in scaleandin height.makingappropriatetransitionsto the neighborhoods
surroundingthem. The northernmost
building on the site,an office builcling.will be setback slightly
fiom the intersectionof Atlantic andFlatbushAvenues,to maintainthe view corridorto the
WilliamsburgBank building. The point of this trianglewill becomeparl of an "urbanroom," a new

Page3
exterior spaceformedby raisingthe office building on pilotis (a term coinedby famed architectLe
Corbusier,pilotis are columnarstructuresdesigneclto raisethe massof a building off the ground).
Travelerswill enteror exit the transportationhub as u'ell as the Arena and the northemmostoffice
building through the urbanroom, which will also cclntainretail shops. A glassed-inrestaurantwill be
positionedat the top of the urbanroom, giving additionallife to the intersection.

The roof of the Arena offers an exciting opporlunityto createnew public space.with 52,000squarefeet
in four lushly landscapedareasfor passiverecreationand a promenadealong the outsideedgeof the
roof with outstandingpanoramicvistasfacing Manhattan. For activerecreation.an outdoorice-skating
rink connectsthe four gardens;in warmermonthsthe rink will becomea running track. This open space
not only providesa destinationfor communityresidentsaswell as for the workersin the offlce buildings
- it also allows the commercialbuildings surroundingthe arenato be connectedat the sky-lobby level.

rvithinthe residentialareasto rcinforcethe

Some300,000squarefeet of retail spaceareinterspersed
openspace,includingalongAtlantic Al'enueand neighboringstreets.A varietyof retail establishments
will servicethe peoplewho live and work in the complex. The retail spaccswoven throughoutthe
residentialareasareproposedto be community-orientedand the public open spacetherewill be filled
with major amenities- public art, culture,greatrestaurantsto draw the public into the complex.

Atlantic Avenue will be transfbrmedinto a tree-linedboulevard,with a wider, pedestrianfriendly

sidewalkon the southside of the avenue.DemappingPacific StreetbetweenCarlton and Vanderbilt will
createa large,publicl-1'
accessible residential.The plan
openspacein combinationu'ith higher-density
proposespassiveopenspace,with a seriesof hierarchicalelementsto organizethespace,suchas alarge
grassmound. a retlectingpool, and urban plazasat eitherend to connectto VanderbiltAvenue and
Pacific Street. Altogether,the masterplan calls for six acresof openspacethroughoutthe complex,
both passiveand activerecrcationby residentsof BrooklynAtlantic Yardsand its
encouraging
neighboringcommunitiesas well asvisitors.

PUBLIC PROCESS
as a generalprojectplan of the State'sESDC,which is
The Brooklyn Atlantic Yardswill be developccl

QualityRevieu Act (SEQRA). This

reviewunderthc Statc'sEnvironmental
subjectto environmental
reviewwill includcpublic hearingsand communitvparticipation.The derelopcr,ForestCity Ratner

Page4
Companies,has a long history of working cooperativelywith Brooklyn's civic, businessand
community leaders- as evidencedthroughoutthe 15-yeardevelopmentof MetroTechCenter- and
will continueto do so on this importantproject.

DEVELOPMENT COSTS
The cost of the entireBrooklyn Atlantic Yards project- including residential,commercialand retail
spaceandpublic amenities- is estimatedat more than $2.5billion over a ten-yearperiod. The Arena
will be primarily privately funded. Incrementalrevenueswill be derivedfrom salestaxeson tickets,
food and merchandisesold at the new Arena.

ECONOMIC BENEFITS
BrooklynAtlantic Yardswill bring a hugeinfusionof newjobs to the area- more than 15,000
jobs, over 10,000permanent
construction jobs createdand/orretainedin the commercialoffices,
400 permanentjobs at the Arena and additionalindirect benefits.

DEVELOPN{ENT SCHEDULE
Investorsacquirethe Netsbasketballteam.a tianchiseof the NBA.
Phase 1: Arena developmentto begin at tl.reend of 2004, ."vithcompletionset for the summerof 2006.
Future phases:Developmentof commercialand residentialbuildings,as well as the complex's
remainingparkingfacilitiesand public openspace.

PROJECT TEAM
Developer: ForestCitr,'RatnerCompanies

Architects: Gehr-r''
Partners,LLP

Landscape
Architects: Olin Partnership

StructuralEngineers: Thornton-TomasettiGroup

Mechanical,Electricaland Plumbing Engineers: Flack * Kurtz

FOR FURTHER INFORMATION CONTACT:

Michelede Milly JovceBaumgarten
Geto& de Milly, Inc.
212t686-4551
pr@getodemilly.com

December2003 Page 5
ABOUT FORESTCITY RATNER COMPANIES

ForestCity RatnerCompaniesis a verticallyintegrated.full-servicerealestatefirm that develops

predominatelyfor its own portfolio. One of the leadingdevelopers
of commercial.retailand residential
properlies,the companyhasdeveloped,
primarily fbr its own porlfblio.over 10 million squaret'eetas well
as morethan900 hotelroomsin two urbanhotel complexes.Anotherrt.5million squarefeet,including
residential,off-iceand retailspace.is presentlyin development.

ForestCitv RatnerCompanies'projectscanbe found throughoutthe five boroughsof NervYork City.

N e wJe r se y'a n dP ennsylviinia.
Thecompany is a n a f f llia t e o f F o re s t Cit y E n t e rp ris e s , o n e o ft h e l a r g e s t
m i x ed - u se p r o p ertyo\\nersintheUnited S t a t e s . r. rit h a p o rt f o lio o f a s s e t s o f mo re t h a n 9 5. 2Wb hi l il li e
on.
publicly tradedon thc \eu York StockExchange(tickersymbol:FCE).the companyremainsfamily
controlled,which ensuresa strongcomnritnrent
to creatingand maintaininglong-termvaluein all of its
properties.

o FCRC's flagshipdevelopment - MetroTech Center - is a $1 billion. 7 rnillion square-foot

office,
academicand high-techdc-relopmentin Downto*'n Brooklynfeaturingtwo acresof public openspace.
The 14-buildingcompler r.rasbegunin 1988;thefinal two buildingsin the originalmasterplan are
detailedbelow:

o 9 MetroTech Center South, a 675.000square-foot.19-storyoffice buildingjust openedin the summer

of 2003. EntpireBlue Crossand Blue Shield.the largesthealthinsurerin Nerl' York State,is the
anchortenant.occupying395.000squarefeet of offrcespaceon ten floors:

' 330 Jay Street,alsoknou n as 12 MetroTechCenter.is the siteof the stiite-of-the-art

homefor the
Kings Countl'Supremeand Family Courlhouse.as w'ellas new commercialoffice space.in the

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 heartof DowntownBrooklyn. The 32-storybuilding,containing1.1million squarefeet of space,
will openin 2005.

o Otherkey FCRC projectsin Brooklyn include:

' Atlantic Terminal Office and Retail Complex, a ten-story,400,000square-footoffice building is

beingconstructedabovea four-story,375,000square-foot retail shoppingcenterandrehabilitated
subwayand Long IslandRailroadstations.The Bank of New York will occupy320,000squarefeet
of spaceon eight floors;

' Atlantic Center, a 400,000square-footretail centerin Downtown Brooklyn, openedin November

1996,

' One Pierrepont Plaza,a 651,000square-foot, $138million, 19-storyoffice buildingopenedin

1988,the first new office buildingin DowntownBrooklyn in 25 years.

. High profile projectsin Manhattan include:

' The new New York Times Company Headquarters,a 52-story,1.5.1miliion square-footoffice
buildingon EighthAvenueat 4lst Street.Constructionis expectedto beginin 2004;
. The Hilton Times Square,,Entertainment and Retail Development,a $300 million. 610,000-
square-footcomplexopenedin 2000 that includesthe 444-roomHilton Times SquareHotel, a 25-
screenAMC CineplexandMadameTussaud'sWax Museum;

' Harlem Center, an $80 million mixed-useprojectthat includesup to 130,000squarefeet for retail
use(which openedin 2003)and 146,000squarefeet of office spacealon_e Malcolm X Boulevard
and l25thStreet,Harlem'sprincipalcommercialthoroughfare.

o ProjectsFCRC hasdevelopedin Lower Manhattan:

. A 600,000square-footmixed-use complex in Batterv Park City, openedin June2000,featuringa
14-story,463-suite
EmbassySuitesHotel,retail stores,and a -1.5O0-seat,l6-screen
RegalCinema;

' 111 Worth Street,a 330-unitresidentialandretaildeveioprnent.the first residentialbuilding

in Lower Manhattanafterthe 9l1l attacks;the buildingopenedin 2003;
constructed
. The 500,000square-foot
headquarters
for the New York }lercantile Exchangein the World
FinancialCenterat BatteryParkCity, completedin the springof 1991.

FOR FURTHER INFORMATION CONTACT:

MicheledeMilly/ JoyceBaum-sarten
Geto& deMilly, Inc.
(2rD 686-4551
email: pr@getodemilly.com

December 2003 Page2 of 2

ABOUT FRANK GEHRY

Raisedin Toronto,Canada,Frank Gehry moved with his family to Los Angelesin 1941. Mr. Gehry
receivedhis Bachelorof Architecturedegreefrom the University of SouthernCalifornia in 1954,and
he studiedCity Planningat the HarvardUniversity GraduateSchoolof Design.

Mr. Gehry hasbuilt an architecturalcareerthat hasspannedfour decadesand a wide rangeof both

public and private buildings.constructedin America,Europeand Asia. Mr. Gehry's work hasbeen
celebratedin major architecturalpublicationsand in nationaland internationaltradejournals and his
architecturaldrawingsand modelshavebeenexhibitedin major museumsthroughoutthe world.

SelectedAwards and Honors

1974. Electedto the Collegeof Fellows of the American Instituteof Architects(A.I.A.)

1971 'Arnold W. BrunnerMemorial Prize in Architecturefrom the American Academy

of Arts and Letters

1981. Nameda Fellow of the American Academyof Arts and lrtters

1989' PritzkerArchitecturePrize,honoring"significant contributionsto humanityand

the built environmentthroughthe art of architecture"
. Named a trusteeof the American Academyin Rome

l99I . Nameda Fellow of the American Academyof Arrs and Sciences

1992. Wolf Prize in Art (Architecture)from the Wolf Foundation

' PraemiumImperialeAward by the JapanArt Associationto "honor outstanding
contributionsto the development.popularization.and progressof the arts"

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 7994'Dorothy and Lillian Gish Award for lifetime contributionto the arts (first recipient)
. NamedAcademicianby the NationalAcademyof Design1998
. National Medal of Arts
. Friedrich Kiesler Prize (first recipient)
. Named HonoraryAcademicianby the Royal Academyof Arts

1999. Lotos Medal of Merit from the Lotos Club

. Gold Medal from the American Instituteof Architects

2000 . Gold Medal from the Royal Instituteof British Architects

. Lifetime AchievementAward from Americansfor the Arts

2002'Gold Medal for Architecturefrom the American Academyof Arts and Letters

2003.Inducted into the EuropeanAcademyof SciencesandArts

. Designatedas a Companionto the Order of Canada

Mr. Gehry has receivedhonorarydoctoraldegreesfrom the RhodeIsland Schoolof Design,the

CaliforniaInstituteof Arts, the Otis Art Instituteat the ParsonsSchoolof Design,the Universityof
Toronto,Yale University,HarvardUniversity.andthe Universin'of Edinburgh.In 1982.198,5.
and
1987-89,Mr. Gehryheld the CharlotteDavenportProfessorship
in .\rchitectureat Yale University.
In 1984,he held the Eliot NoyesChair at HarvardUniversity.ln 1996-91.he was a visitingscholar
at the FederalInstituteof Technolosyin Z.jrrch.Switzerland.

Mr. Gehry'sbuildingshavereceivedover 100nationaland regionalA.I.A. awards.

FOR FURTHER INFORNIATION CONTACT:

Michelede Milly/ JoyceBaumgarten
Geto & de Milly. Inc.
QlD 686-4ssl
email:pr@getodemilly.com

December 2003 Page2 of 2 242039

ABOUT LAURIE OLIN AND OLIN PARTNERSHIP

Laurie Olin's work as a landscapearchitectand urbandesignerexaminesthe role that common

aspectsof the environmentplay in creatingexemplaryand uncommonlandscapes.Currently a Practice
Professorof LandscapeArchitectureand RegionalPlanningat the University of Pennsylvania,Mr.
Olin servedas the Chair of the LandscapeArchitectureDepartmentat the GraduateSchoolof Design
at HarvardUniversityfrom 1982-1986.In 1991,he won the BradfordWilliams Medal for his writing
on the history and theory of landscapearchitecture,and in 1998he receivedthe Award in Architecture
from the American Academvof Arts and Letters.

Olin Partnership is an internationallyacclaimed,award-winninglandscapearchitectureand urban

designfirm dedicatedto creatingartistic,sensitiveand timelessenvironments.Olin Partnershiphas
directedsomeof the most extraordinarytransformationsof the humanenvironmentin the last several
decades,including Bryant Park in New York City and Canarywharf in London.

At the heartof the firm's philosophyis its aspirationto raiselandscapearchitecture-an art form that
combinesecologicaland socialresponsibility-to a positionas the most influential field in the design
and planningof humansettlements.Olin Partnershipstrivesto synthesizethe demandsof art and
sciencewhile acknowledgingthe sometimes-conflicting
requirementsof outdoorenvironments.The
hallmarksof Olin Partnershipdesignsare powerful, imaginativeconcepts,fine craftsmanshipand the
useof handsome,lastingmaterialsto createbeautiful,useful and meaningfulplaces.

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Foundedin 1916as Hanna/Olinby two leadersin the field of landscapearchitecture,the currentfirm
was formed in 1995by original founderLaurie Olin and threeother principals,Lucinda Sanders,
DennisMcGladeand SusanWeiler.

The diverseexperienceof the firm encompasses

environmentalanalysis;masterand site planning;and
landscape
design,documentation - a depthof experlisethat allowsthe
andconstructionadministration
firm to underlakea broadrangeof projects,includingmixed-useurbandeveloprnents
suchas Brooklyn
Atlantic Yards,corporateheadquarlers,
educationalandculturalinstitutions,andpublic parksand cir.'ic
spaces.The 4O-plusstaff of landscape
architects,architects,
designersand plannerscollaborates
with a
broadrangeof designand technicalprofessionals
to bring complexand imaginativedesignconceptsto
fiuition. Often,the circumstances
of a projectforcethe f}m to createusableenvironments
* herenone
previouslyexisted.

Olin Partnershipprojectsrecentlyreceivedflve awardsfrorn the American Socien'of Landscape

Architects,includingthe 2003Designof Honor Award for the J. PaulGetty Centerin Los An-seles
and the Battery Park City LandmarkAward.

Recentand cumentlandscapeand urbandesignprojectsinclude:

o The BeringerVineyardsin the NapaValley, Califonria;
o The UniversityoJ'PennsylvaniarnPhiladelphia.Pennsylvania;
o d Children's Gurtlen at the Fort Worth Botaric Garclenin Fort Worth. Texas:
o The Universitt'of'VirginiaArt Museurnin Chiirlottesville,
Virginia;
o The WashingtcltMtnttmenrin Washington.D.C.:
. The BrancusiEnseniltlein Targu-Jiu,Romania;
o The BethelPerfonrtirtgArt Centerin Bethel,New York;
o WinterGarclenandReader'sGardenfor The N{idwayPlaisance, Chicago,Illinois;
o The Stanford UniversityScienceand EngitteeringQuadrangle,in Palo Alto, California;
o The J. Paul Getn' Centerin Los Angeles.California;
o CaymanShoresDevelopment- Westlrtdittrt CIub in the CaymanIslands.

FOR FURTHER INFORN,IATION CONTACT:

Michelede Milly/ JoyceBaumgaften
Geto& de Milll'. Inc.
(212\ 686-4551
email:pr@getodemilly.com

December2003 Page2 of 2