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Jump to navigation Jump to search This article is about the arena. Barclays Center is a multi-purpose indoor arena in the New York City borough of Brooklyn. 300 million as the first step of the process to build a new home for the team, experienced significant hurdles during its development. The arena was conceived by Bruce Ratner of real estate developer Forest City Ratner Companies, the New York division of Forest City Enterprises that Ratner founded. A photograph of Barclays Center under construction.
Barclays Center during construction June 19, 2011. The arena was initially projected to open in 2006, with the rest of the Pacific Park Brooklyn complex to follow. However, controversies involving local residents, the use of eminent domain, potential environmental impact, lack of continued public financing, as well as a major economic downturn delayed the project. 200 million deal on September 23, 2009, to become a principal owner of the Nets and a key investor in the Brooklyn arena.
The Nets played two preseason games at Prudential Center in October 2009. 12 NBA seasons became more likely. The New York Court of Appeals ruled in favor of the state using eminent domain for the project on November 24, 2009. Empire State Development Corporation Vice President Warner Johnston indicated that the agency is committed to seeing the project completed and said “we can now move forward with development. Another potential roadblock to this development resulted from the Appellate Court’s negative decision regarding a similar eminent domain case, brought against Columbia University.