Forest City pulls out of downtown Fresno project

According to this late-breaking story by Denny Boyles , Forest City Enterprises has abandoned its plans for a $300 million project that would have brought housing and commercial businesses to an 85-acre area ...

[sally]

In these difficult economic times,it is not at all surprising that Forest City would withdraw from projects that are economically infeasible. This is simply a prudent business decision in challenging economic times. Shareholders should be concerned if the company did not take such action. The company is not responsible for the downturn in the economy.

[RJF]

sally wrote:

In these difficult economic times,it is not at all surprising that Forest City would withdraw from projects that are economically infeasible. This is simply a prudent business decision in challenging economic times. Shareholders should be concerned if the company did not take such action. The company is not responsible for the downturn in the economy.

How much do you really know about Forest City? I personally sent an email to the mayor of Fresno a few months ago warning her to stay clear of Forest City Enterprises. I sent letters to mayors and other officials in other parts of the country telling them the same. How much influence these letters actually had, I can't say for sure.

But please do your homework before singing the praises of a horrible company like Forest City. They are the biggest slumlords in the country with black mold sweeping across their residential properties. I've read recently about three deaths from this mold.

They are also far and away the most loathed real estate developers in the country.

Don't take my word for it. Check out "No Land Grab" and "neulandlord.com ." Then Google in "Forest City Enterprises Complaints" or "Ratner Atlantic Yards Lies."

Awww, never mind...you probably work for Forest City or are one of their shills. For what's it's worth, Citizens United Against Corporate Corruption will not relent until Forest City has no more employees nor anymore shills. Nothing personal of course.:-)

As for the shareholders, among other things we think they'll be quite a big concern after Forest City gives their lack of earnings report for the first quarter.

[Cleveland Transplant]

sally wrote:

In these difficult economic times,it is not at all surprising that Forest City would withdraw from projects that are economically infeasible. This is simply a prudent business decision in challenging economic times. Shareholders should be concerned if the company did not take such action. The company is not responsible for the downturn in the economy.

I hope you are not a stock broker or analyst. Amazing how much money they make to give investors losing tips. They make weather forecasters look good. I have a tip for you. Forest City Enterprises will be belly up very soon.

[Brooklyn Blight]

sally wrote:

In these difficult economic times,it is not at all surprising that Forest City would withdraw from projects that are economically infeasible. This is simply a prudent business decision in challenging economic times. Shareholders should be concerned if the company did not take such action. The company is not responsible for the downturn in the economy.

On the subject of "infeasible" maybe they should withdraw from the Atlantic Yards project. Take their business somewhere else. Brooklyn doesn't want them.

[Rocco]

Nobody else does either.

[Flower Lady]

I'll second that.

The newspapers make it seem like they're just a victim of the economy. UH HUH...more like we're all a victim of them.

[Michigan Hunter]

I'll third that. Of course if everybody who's had dealings with Forest City posted here, we'd see posts saying, "I'll 5,000,000 that."

Forest City a victim of the economy???? LMAO.

[Boycott Both Parties]

Forest City is a victim of the economy and Bin Laden was a victim of his childhood or whatever.

Freeking media.

[Baffled Investor]

I've read nothing but horrible things about this company. Read several times they were on the verge of BK. Read about deaths happening on their properties and many people they're stiffing. And, their last reported earnings were horrible. Yet their stock price has tripled in the last two weeks??? Did Martha Stewart or Mark Cuban get a tip or something?

[Corporate Raider]

red dawn wrote:

sounds like the kind of company OBAMA would give taxpayer stimilus money to.

Or has given money to. Probably cash under the table. IMO, that's why Forest City stock suddenly shot back up.

"Obama has never met a slumlord he didn't like."

[Fire Laura Collins]

Fresno lucks out. One last city to get infested with mold from these crooks.

[Baffled Investor]

Yeah, but will Brooklyn be as lucky?

[Move Target to Mars]

Only if Forest City gets shipped to Mars with Target.

[Billy Boy]

Move Target to Mars wrote:

Only if Forest City gets shipped to Mars with Target.

That might not even be far enough. They'd probably set up bases there, paint themselves green and then attack the earth.

[Italian Biceps]

Now all we need to see is "Forest City pulls out of every project and EVERYBODY would be happy.

[Roland]

sally wrote:

In these difficult economic times,it is not at all surprising that Forest City would withdraw from projects that are economically infeasible. This is simply a prudent business decision in challenging economic times. Shareholders should be concerned if the company did not take such action. The company is not responsible for the downturn in the economy.

You're an idiot. Our country is falling apart because of clueless people like you that blissfully stay unimformed.

[Roland]

That's what I get for calling somebody a name. That's "uninformed."

[Fool Me Twice]

Forest City sucks bigtime everywhere. Why am I not surprised. And, too many people out there like Sally who overlook the fact the internet is the only reliable media.

[We Need REAL Change]

sally wrote:

In these difficult economic times,it is not at all surprising that Forest City would withdraw from projects that are economically infeasible. This is simply a prudent business decision in challenging economic times. Shareholders should be concerned if the company did not take such action. The company is not responsible for the downturn in the economy.

The icons haven't been used a lot over here on the Forest City topic. But I think you really got blasted, because you're incredibly ignorant.
Others like Robert or Reality Check from the Morningstar thread were obviously friends or employees of Forest City. You on the other hand are typical of the biggest problem we're facing in this country: That is people who are so naive and unaware, crooked politicians and corrupt corporations like Forest City are able to run roughshod over Americans. Are people like you ever going to wake up? Unfortunately probably not until something bad happens in your life.

[Say No To Socialism]

I'll give Sally the benefit of the doubt and say her brain is on a leave of absence.