In a big win for Bruce Ratner, the Internal Revenue Service on Tuesday ruled favorably on New York sports teams' use of tax free bonds to build stadiums and arenas, including the Barclays Center. The ruling could cut more than $100 million from the cost of the $1 billion arena, part of Ratner's Atlantic Yards. It could also facilitate private funding for the arena. Critics claim it may not apply to the Nets.

• IRS Gives Thumbs Up to Tax-Free Bonds for Yankees, Mets, Nets - Eliot Brown - New York Observer
• New Treasury Department regulations would grandfather in tax-free bonds for Atlantic Yards arena - Norman Oder - Atlantic Yards Report
• New tax rules would allow NYC teams to float bonds - AP
• New IRS rules stoke Atlantic Yards fight - Erik Engquist - Crain's New York Business
• Tax snag arises in Brooklyn Nets development - Reuters
• Nets may get tax-free financing for Brooklyn arena - Maura McDermott - Star-Ledger
• IRS clears way for tax dollars to help new stadiums, arenas - Greg B. Smith - New York Daily News
• Developer of Nets’ Arena Can Use Tax-Exempt Bonds - Charles V. Bagli - New York Times
• Treasury Gets Tough on PILOTS - Peter Schroeder - Bond Buyer
• Bad Call: N.Y. Fans Are Getting Ripped Off - Gabe Pressman - WNBC
• Just call the new Yankee Stadium the House That Tax Subsidies Built - Juan Gonzalez - New York Daily News