Facade Fabricator Back in Business
by Net Income on Jan 10, 2012 3:03 PM EST
in Brooklyn
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Fabrication of weathered steel for the Barclays Center façade resumed over the weekend after being halted in late December when the company doing the work shut its doors, reports Crain's New York. The company, ASI Limited, reopened after a financial infusion.
The arena's contractor, Hunt Construction Group, worked with an insurer to get the plant working again, said an FCR spokesperson. When ASI shut down, it said it could no longer make money and laid off 250 employees. Hunt is also looking for another company that could resume fabrication should ASI suffer another shutdown. The company is responsible for fabricating 11,998 panels, each of them unique, for the arena's distinctive exterior.
- Barclays Center steel back in the bag - Teresa Agovino - Crains New York Business
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A "financial infusion"
I wonder if there was a certain Russian oligarch involved somewhere here. Maybe not directly, but certainly indirectly.
Section 18, Row 7 at The Rock!
"Your 2010-2011 New Jersey Nets - It Is What It Is"
lol yup
Ahhhhhh “Waves finger”
"We're not there yet, but we're going somewhere," Johnson said. "And we're going to Brooklyn. We're not going to contract. We're going to Brooklyn."
"financial infusion"`
aka Prokhorov’s $$ lol
"worked with an insurer"...
Proky broke some legs
by Dep on Jan 10, 2012 3:05 PM EST reply actions 1 recs
Quite fitting....
"I love my Ducks (wait 'til you see my O)"
by bkeagle718 on Jan 10, 2012 3:10 PM EST reply actions 1 recs
Look how Deron's attempts to escape are futile
Nets Mets Giants All day Every day.
Beware the Lopez
NY Giants Tribute
by netsareboss on Jan 10, 2012 3:24 PM EST up reply actions 3 recs
"I would have let them go under"
- Charles Dolan
Don't you have Timewarner to worry about...
Troll away or better yet go play you’re guitar with your “band”
Niners,Nets,Reds & USC!!!
The Most Interesting Man In The World---->Mikhail Prokhorov!!!
by Kidd2Petrovic on Jan 10, 2012 9:19 PM EST via mobile up reply actions
Great news - that didn't take long at all
I’d like to think Prokhy was involved, but I’d tend to think that this speedy resolution was far below his level—more due to the intervention of lawyers & Ohio Farmers insurance. Construction contracts plan for these sort of contingencies, even if it takes a bit of time after events trigger. And Hunt’s plenty big—their website says they maintain a contract volume of $6 – $8 billion. ASI’s collapse was merely a speedbump.
[A Forest City spokesman] said the enclosure panels are critical because they protect the arena from the elements.
The anticipated tidal wave of urine, no doubt.
by brother_rat on Jan 10, 2012 3:46 PM EST reply actions 3 recs
Oder's take
Here is what Oder had to say about this in his own interpretations, and please don’t shoot the messenger.
http://atlanticyardsreport.blogspot.com/2012/01/crains-asi-limited-resumes-making-steel.html
there is nothing there that isn't in our item.
"It's as sweet as it ever was, I'll tell you. Now, hopefully, we started something and we can win some more championships, but we're going to enjoy this one right now. Have a little champagne." --Julius Erving, May 12, 1976, ABA champion Nets locker room.
He often quotes from pieces like this more than putting his own two cents in.
So I am not sure why you always have to show us Oder’s take on everything related to Braclays Center.
I think it's fine.
by NetsMets4Life on Jan 10, 2012 8:55 PM EST up reply actions
DUH?
Who do you think gave this company the money they needed to re-open their doors?
Paul from Sunny Delray Beach, Florida
Only 21 comments on this major story!
So then the 250 workers just got a Christmas vacation and weren’t laid off afterall?
Can we assume from this story that if the lay off was real, Barclays would be in big trouble?
Ratner’s spokesperson denied there would be any delays. Is that because they knew there would be an infusion of money? Otherwise, there didn’t seem to be any other solution.
So The Nets have just created 250 more jobs for the economy (jobs saved counts as Obama Administration will tell you).
Barclays is a bigger job creator than we thought.
by jerry25 on Jan 10, 2012 10:52 PM EST reply actions 1 recs
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