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January 9, 2010

Banker Steel lands $50 million contract for NBA arena

The News & Advance
By Dave Thompson

A Lynchburg steel company has scored a contract for an NBA arena that will bring 50 new jobs to Lynchburg, company officials announced Friday.

Banker Steel officials said Friday that the company was awarded a $50 million contract to provide the structural steel for the Barclays Center in Brooklyn, N.Y.

The center, a sports and entertainment complex, will serve as the new home of the Brooklyn Nets, once their move from New Jersey is complete.


Related coverage...

Atlantic Yards Report, Steel contract for Brooklyn arena awarded to Virginia firm

In a sign that Forest City Ratner is serious about beginning construction of the Atlantic Yards arena, despite potential legal challenges, Banker Steel of Lynchburg, VA, has received a $50 million contract for the structural steel for the Barclays Center, according to the News & Advance.

That means an increase in employment by 25%--50 people--at the factory.

Banker Steel has produced steel for several projects in New York, including the World Trade Center monument, a Columbia University building, and Forest City Ratner's East River Plaza big box shopping center.

Less than three months ago, company owner Dan Banker lent his plane to the three -member state Republican ticket, along with Mitt Romney, former Massachusetts governor and presidential candidate, according to the Washington Post.

Bruce Ratner's a Democrat, of course, but steel knows no politics.

Posted by steve at January 9, 2010 8:31 AM