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August 13, 2008
Barclays/Nets alliance poses questions, seeks "positive perception of landmark partnerships"
Atlantic Yards Report
[O]fficials from Barclays Capital, Forest City Ratner, and the (as of now) New Jersey Nets are forging ahead with a "Barclays/Nets Community Alliance," aiming to "leverage the Nets with FCRC and BARCLAYS to create a positive perception of landmark partnerships"--in other words, giving away $1 million with the twin goals of helping the disadvantaged communities and, not coincidentally, reaping some public relations rewards.
The announcement also raises questions about timing, length of commitment, and the morphing of a previously announced project.
Posted by lumi at August 13, 2008 4:54 AM