TODAY: Tish James and Senator Montgomery on the Ratner "Memorandum of Understanding"

Senator Velmanette Montgomery: "This agreement is non-binding. This is a PR stunt to convince the public that the arena and skyscraper complex is a done deal. That is far from the truth. The MTA reserved the right to sell the land to a higher bidder. Just like with the West Side stadium, we need open bidding to get fair value for this land."

PRESS CONFERENCE TODAY 2 PM: Council Member Letitia James and Senator Velmanette Montgomery in response to the recent Memorandum of Understanding on Atlantic Yards; City Hall Steps, Manhattan, 2 pm

WHO: Council Member James, Senator Montgomery, Congressman Major Owens, Council Member Charles Barron, Pratt Area Community Council, Develop Don’t Destroy Brooklyn, Downtown Brooklyn Leadership Coalition, Bob Law, Darnell Canada of Rebuild, Brooklyn Vision, Prospect Heights Action Coalition