Prokhorov Won't Buy a House, 'Drive Up' Brooklyn Prices

Atlantic Yards-related overload here on Brownstoner today, but this story from the Brooklyn Paper could not be left unmentioned: Nets owner and Russian billionaire Mikhail Prokhorov said at a press conference yesterday that he does not intend to buy a residential property in Brooklyn. Here’s the good bit: “But the 6-foot-8 basketball aficionado, who made his fortune in mining, said he won’t buy a house in posh nearby neighborhoods like Park Slope or Fort Greene to shorten his commute when he flies in from Moscow for Brooklyn Nets home games this fall. ‘I’m a rich Russian who would drive up the prices,’ Prokhorov said. ‘It’s not the best time to buy for me.'” The $19 million Dumbo penthouse that’s on the market must have had a good cry over the news.
Prokhorov Isn’t Looking for a Brooklyn Pied-a-Terre [Brooklyn Paper]
Photo by the NBANets