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New York State Forms New Corporation to Help Nets' Arena

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New York State quietly formed a new development agency in November to help Bruce Ratner with public improvements around Barclays Center. The Brooklyn Arena Local Development Corporation will oversee tax-exempt bonding for improvements, freeing the city from financing them. It's yet another sign New York officials still back the arena. Meanwhile, the Post offers its own design for a toned down arena.

                                                                                                                                                                                                               

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