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Nets Arena Bonds to Launch in November

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Goldman Sachs is close to launching an $800 million bond issue for the Barclays Center, says Project Finance magazine. Quoting "sources close to the financing", the magazine reports Goldman is in the process of having the bonds rated, and expects financing to be in place by the end of November 2008. The new arena will be part of Atlantic Yards. The Nets say they intend to break ground on the arena in November.