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Nets and Knicks in Arena Financing Competition?

The Nets are in talks to finance nearly $700 million in Barclays Center bonds, with a Dec. 31 deadline looming. Now, Sports Business Journal reports the Knicks are looking for $500 million to refurbish Madison Square Garden. While the Nets are having trouble getting the interest rates they need for Barclays, SBJ reports the Knicks should have no such problem. Will the competition further dim Nets' financing hopes?