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Sponsorships Paying Big Part of Arena Cost

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Brett Yormark notes that sponsorship deals are now paying about $500 million, or a little more than half, of the projected $950 million cost for the Barclays Center ... and more are expected. The team needs to demonstrate revenue flow before it can secure financing for the arena. Meanwhile Yormark says in spite of news reports, "We've never been approached by any politicians" about a move to Newark.