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May 18, 2009
Nets to Break Arena Ground This Year, Play in 2011, Ratner Says
Bloomberg.com starts Monday off with Friday's announcement that Bruce Ratner prevailed in the eminent domain case.
The New Jersey Nets intend to break ground for an arena in Brooklyn this year and begin to play there in the 2011-12 National Basketball Association season, owner Bruce Ratner said.
Ratner, the chairman and chief executive officer of Forest City Ratner Cos., said in a statement that a New York State appeals court ruling on May 15 cleared the way for construction of the complex that includes the planned $800 million Barclays Center arena.
Posted by lumi at May 18, 2009 6:01 AM