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State Pressing Ahead on Bonding for Barclays

The Empire State Development Corp. plans to issue $700 million in tax-exempt bonds for Barclays Center while waiting for a Court of Appeals ruling on eminent domain that's expected next month. It's not the first time bonds have been issued despite "legal challenges," said a state official. There's a Dec. 31 bonding deadline. Talks on interest rates for the bonds are underway.