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November 16, 2007
Bank, developer form $1M alliance for local youth programs
New York Daily News
by Elizabeth Hays
Barclay's Bank seems to be trying to recover from the public relations problems that sprouted from its having bought the naming rights for the planned Nets arena.
Barclay's Bank - which paid $400 million for naming rights to the planned Brooklyn Nets arena - Thursday teamed up with its developer to announce $1 million a year for local youth programs.
Dubbed the Barclays/Nets Community Alliance, the new project aims to support educational and sports organizations that work with kids in Brooklyn.
....
"This is Barclays version of reparations for financially benefitting from 200 years of slavery," James said. "Clearly, $1 million is not enough."
Posted by steve at November 16, 2007 6:11 AM