M.T.A. Approves Less Lucrative Atlantic Yards Deal

Bruce Ratner can now cross a major task off his to-do list.

For months now, Mr. Ratner, the developer planning the $4.9 billion Atlantic Yards apartment and arena complex in Brooklyn, has been seeking financial relief from an agreement he struck with the M.T.A. in better times.

Lawsuits and other issues have pushed back the project, which involves selling the rights over an M.T.A.-owned rail storage yard, by years. The old deal from...

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