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January 19, 2007
British bank stamps name on new Nets arena
AM NY
BY EMI ENDO, Newsday Staff Writer, supplemented by AP reporting
Curious choice of words from the Newsday reporter (emphasis added)
Barclays, a London-based financial services center, has won the naming rights at a cost of more than $300 million, bank and city officials said.
Barclays dropped an obscene amount of cash on Bruce Ratner's project. Ratner and Barclays won't even disclose the full amount of the deal, much less explain how the bank "won" any contest. According to Newsday:
A person with knowledge of the deal, speaking on condition of anonymity because he was not authorized to reveal the price, said its total value was nearly $400 million.
More buffoonery from our borough's Clown in Chief:
With mock alarm, Brooklyn Borough President Marty Markowitz said he had noticed a number of ties between the U.S. and the British lately, such as the Queen Mary 2 docking in Red Hook. "When I mentioned the queen was reclaiming her colonies ... I was kidding!" he said.
NoLandGrab: No word from the Beep as to whether he was actually doing Ratner's bidding with Barclays while on his recent purported tourism-development trip across the pond.
Posted by lumi at January 19, 2007 8:25 AM