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December 21, 2009
Ratner sells bonds to finance new arena
Park Slope Courier
by Stephen Witt
The Courier catches up with last week's Atlantic Yards developments.
Investors quickly snapped up $511 million in bonds bringing Developer Bruce Ratner one major step closer to building the $1 billion Barclays Center arena at the Flatbush/Atlantic avenues intersection.
Raising half the money to build the arena also brings the borough closer to having its first major professional sports franchise since the Dodgers left Brooklyn following the 1957 season.
...The project is expected to officially break ground before the end of the year, and Ratner said he hopes to have the arena completed by the end of the 2011-12 NBA season.
Posted by eric at December 21, 2009 4:01 PM