^ Leave off the final "s" in the first word.
Barclay is very New York.
Barclay Street is one block north of Vesey St. at the WTC.
Well, when Shea first out, the name Shea didn't exactly resounded with New Yorkers either but we now know that stadium like the back of our hand, now don't we?
It's just a new thing and like everything new, you'll get used to it eventually.
So then what's the problem?
There isn't any.
Just take Britain's Barclay's money.
Who's on first?
What is on second.
I don't know is on third.
Take it easy there NYguy, you made it sound like there was a problem, is all.
Nets banking on Brits
20-year deal would name arena for financial powerhouse Barclays
BY JOTHAM SEDERSTROM
January 18, 2007
In what could become one of the priciest naming-rights deals ever for a sports venue, a London-based banking giant has agreed to fork over millions to stamp its name on a yet-to-be-built basketball arena for the Brooklyn Nets.
Barclays Bank has agreed to a 20-year, nine-digit deal with the Forest City Ratner-owned Nets to call the arena the Barclays Center, sources said.
Officials from both sides - including Nets investor Jay-Z, NBA Commissioner David Stern and project architect Frank Gehry - are set to meet today at the Brooklyn Museum.
Coming less than a month after state officials approved Bruce Ratner's megadevelopment, the naming-rights windfall would eclipse a $9.3-million-a-year deal to name an Atlanta arena after Royal Philips Electronics.
Sports economist Andrew Zimbalist predicted profits, which could amount to hundreds of millions of dollars, would help pay for the construction of the Gehry-designed arena.
"Typically what happens is that the money would be used to pay off the debt," said Zimbalist, formerly a paid consultant for Forest City Ratner. "I suspect [Ratner] would do the same."
Officials for Forest City and Barclays Bank declined to comment on the deal.
But opponents of Ratner's $4.2 billion Atlantic Yards plan, of which the arena is a part, balked, saying the deal was made prematurely because of pending eminent domain lawsuits that threaten to delay or block the project.
"Barclays Bank is paying for what appears to be a violation of the Constitution," said Daniel Goldstein of Develop Don't Destroy Brooklyn, who lives in the footprint of the proposed 22-acre project and has refused to leave.
Since announcing the plan to bring 16 sprawling towers with residential and commercial space to Brooklyn, Ratner has made some strange bedfellows, including affordable housing advocates normally hostile to megadevelopers.
Barclays Bank, by total assets, is the largest bank in the world.
It's amazing anyone listens to this guy with statements like this."Barclays Bank is paying for what appears to be a violation of the Constitution," said Daniel Goldstein of Develop Don't Destroy Brooklyn, who lives in the footprint of the proposed 22-acre project and has refused to leave.
^ He'll go to the end still saying comments like that...
Barclays to get name on Nets' arena
Thursday, January 18, 2007
BY MATTHEW FUTTERMAN
The planned Brooklyn arena will get a name today.
The Nets and Barclays Bank, the London-based international financial conglomerate, will unveil a deal to put the company's name on the team's future home, executives close to the deal confirmed yesterday. News of the agreement first appeared in yesterday's New York Post.
The deal is worth more than $10 million each year, making it at least double what Prudential will pay the Devils to put that company's name on the new arena in Newark, which will be called the Prudential Center.
The Nets and Barclays did not return phone calls seeking comment on the potential deal.
T.J. Nelligan, a sports marketing expert, said it was surprising that a British-based company would be interested in putting its name on a Brooklyn arena, rather than a company with a more hometown feel.
"Usually it's a homegrown company and there is a significant tie-in," Nelligan said. "But it's a copycat business, where everyone follows suit. You saw Citigroup putting its name on the Mets' stadium and Prudential in Newark. Now this."