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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.

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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