An excerpt from story on NY 1:

Brooklyn’s Atlantic Yards developer Bruce Ratner downplayed Friday’s reports that a proposed Internal Revenue Service rule might stall the vast construction project.

The IRS proposal would tighten the rules governing the use of tax-exempt bonds, a planned centerpiece of the arena’s financing plan.

Analysts say the rule could jeopardize financing for the project, including a new Nets arena, before developers are even able to begin.

However, Ratner says the arena will go ahead.