clock menu more-arrow no yes

Filed under:

WSJ: Arena Financing a "Toss-Up"

New, comments

If the Court of Appeals rejects eminent domain for Atlantic Yards...no Brooklyn. If Bruce Ratner can't get financing for Barclays Center...no Brooklyn. No Mikhail Prokhorov either. And the Wall Street Journal reports that selling as much as $700 million in bonds will be "tough" as a skeptical market wonders if the Nets can pay off all that debt from ticket sales, sponsorship deals and TV contracts. It's a "toss-up".